Egypt plans to drill more than 100 exploratory oil and gas wells in 2026, as part of a broader program targeting approximately 500 wells by 2030, Minister of Petroleum and Mineral Resources Karim Badawi announced.

The Egyptian government has paid off $5 billion in dues to foreign oil companies, Prime Minister Mostafa Madbouly stated.

Karim Badawi, Minister of Petroleum and Mineral Resources, held talks with Frank Witzel, State Secretary at the German Federal Ministry for Economic Affairs and Energy, and discussed cooperation in the domain of energy

Khalda Petroleum Company, Disouq Petroleum Company, and the General Petroleum Company (GPC) have drilled a number of wells in their concessions in the Western Desert, the Eastern Desert, and the Delta, including five new exploratory wells, the Ministry of Petroleum and Mineral Resources announced.

The Ministry of Petroleum and Mineral Resources announced the successful drilling of four exploratory wells in the Western Desert, in line with its efforts to maximize domestic production and reduce the import bill.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting to review progress on projects aimed at increasing natural gas production during 2026 and accelerating their connection to the national gas grid.

Minister of Petroleum and Mineral Resources Karim Badawi held an extended meeting with the heads and representatives of several international oil companies operating in Egypt to discuss a new five-year plan for oil and natural gas exploration and production.

Minister of Petroleum and Mineral Resources Karim Badawi and the UAE’s Ambassador to Egypt Hamad Obaid Al Zaabi discussed strengthening cooperation in the oil and gas sector.

QatarEnergy has acquired a 40% participating interest in Egypt’s North Rafah offshore exploration block through a farm-in agreement with Eni, which will remain the operator with a 60% stake.

Minister of Petroleum and Mineral Resources Karim Badawi discussed TotalEnergies’ plans and new investment opportunities offered by Egypt Upstream Gateway (EUG)

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of three new petroleum agreements between the Egyptian General Petroleum Corporation (EGPC) and several major international oil companies (IOCs).

Minister of Petroleum and Mineral Resources Karim Badawi approved the results for the fiscal year (FY) 2024/2025 of Egyptian General Petroleum Corporation (EGPC).

The Egyptian Natural Gas Holding Company (EGAS) signed four agreements to accelerate petroleum and natural gas exploration in the Mediterranean and Delta regions, with total investments of over $340 million.

The Ministry of Petroleum and Mineral Resources announced the successful drilling of the "North Lotus Deep-1" exploratory well, operated by Agiba Petroleum Company in partnership with Italy’s Eni, in Egypt’s Western Desert, as per a statement.

United Energy Group (UEG), a Chinese oil and gas exploration and production company, inked a memorandum of understanding (MoU) with Egypt’s Ministry of Petroleum and Mineral Resources.

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to enhance cooperation in the oil and gas sector with Greek company Energeanز

Agiba Petroleum Company successfully commissioned the Arcadia-28 well, resulting in a daily production rate of approximately 4,100 barrels of oil equivalent (BOE)

Prime Minister Mostafa Madbouly met with Executive Vice President of LNG at Shell Cederic Cremers and reviewed the company's activities and potential to expand investments in the Egyptian market

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new exploration blocks to a group of international companies, with expected investments totaling approximately $245 million.

Khalda Petroleum Co (KPC), Balaeim Petroleum Co (PETROBEL), and Gulf of Suez Petroleum Co (GUPCO) achieved three new oil and natural gas discoveries in their concessions in the Western Desert and the Gulf of Suez.