President Abdel Fattah Al-Sisi held a meeting with Prime Minister Mostafa Madbouly, and Karim Badawi, Minister of Petroleum and Mineral Resources. The meeting addressed the state’s efforts to secure citizens’ needs for petroleum products and provide natural gas to various state sectors, especially the electricity sector. Discussions also covered updates on exploration activities and added petroleum reserves.

During the meeting, Badawi reviewed the main pillars of the ministry’s current operations and activities. The minister reviewed the main results achieved from July 2024 to June 2025, including an increase in added local oil and gas production. He highlighted the petroleum sector’s success in overcoming the natural decline in natural gas production. The meeting further touched upon the significant expansion in research and exploration activities.

Furthermore, the meeting addressed the efforts made by the Ministry of Petroleum and Mineral Resources, in cooperation with other relevant state entities, to reduce outstanding payments to foreign partners, with a commitment to monthly invoice payments and incentivizing partners to accelerate production and exploration.

Moreover, the meeting touched upon cooperation with Cyprus to diversify gas supplies and activate the strategy for Egypt as a regional gas trading hub.

The attendees also reviewed the breakthroughs in the mining sector, including transforming the Mineral Resources Authority into an effective economic entity, signing mineral exploitation agreements with international companies, launching into mineral value-added industries, and the entry of national capital into mineral manufacturing and extraction investments.

President Al-Sisi emphasized the importance of keeping an attractive investment environment for foreign and national capital. He described it as ‘crucial to support local oil and gas production’ to meet development needs, reduce the import bill, and ease the burden on citizens. He also said that it is important to develop new discoveries and rapidly bring them online. This would increase exploration and research programs, and offer more incentives for further growth in the petroleum and mineral resources sectors.