Karim Badawi, Minister of Petroleum and Mineral Resources, discussed with Naser Al Yafei, CEO of ARCIUS Energy, the joint venture between the UAE’s ADNOC Group and the UK’s bp, the company’s expansion plans in Egypt and its ambitious operational program for the upcoming five years, focusing on natural gas exploration and production.

Meanwhile, Badawi emphasized that the Ministry has recently taken steps to encourage ARCIUS Energy to increase investment in Egypt, noting that a task force from the Egyptian Natural Gas Holding Company (EGAS) held a joint workshop with the company to coordinate cooperation and identify investment opportunities,  according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

The Minister noted that ARCIUS aims to strengthen cooperation and investment in Egypt, viewing it as a powerful regional launchpad for the company within the natural gas sector.

At the end of 2025, Badawi revealed that Arcius Energy plans to invest $3.7 billion over the next five years.

Arcius Energy finalized a binding agreement in late 2025 to acquire the Harmattan gas and condensate field from Shell and bp. This offshore development in the Eastern Mediterranean involves drilling up to three wells and installing a fixed platform, with first gas expected by early 2028 to bolster Egypt’s domestic supply.