Representatives of the Egyptian petroleum sector showcased the investment opportunities the sector offers together with incentives the government grants to investors in the oil and gas sector, during their participation in the Africa Energies Summit, held last week in London.
The summit is one of the most prominent global energy-related events that brings together decision-makers and executive experts in the energy sector. The summit provides a strategic opportunity to showcase investment opportunities across the African continent, with Egypt at the forefront, thanks to its rapidly evolving investment climate and progressive legislative and economic environment.
The Egyptian oil and gas leaders held a series of bilateral meetings with senior executives from major global companies operating in Egypt’s exploration and production sectors, as well as with companies not yet present in the Egyptian market.
These meetings showcased the currently available investment opportunities, particularly in deep offshore areas and untapped basins, amid an attractive investment climate and flexible economic models that encourage further investment in the petroleum sector.
First Undersecretary of the Ministry of Petroleum and Mineral Resources (MoPMR) for Production, Ehab Regaei; and Mohamed Radwan, Vice President of Ganoub El Wadi Petroleum Company (Ganope) for Agreements and Exploration and Director of the Egypt Upstream Gateway (EUG), participated in the conference activities.
Regaei delivered a speech on behalf of Karim Badawi, Minister of Petroleum and Mineral Resources, during which he presented the Ministry’s strategic plan.
Meanwhile, Radwan delivered a detailed presentation on the investment opportunities available in various geological basins, with a focus on the Red Sea and the Mediterranean. He highlighted the advantages of the Egypt Upstream Gateway (EUG), a sophisticated digital platform that contains all the technical and geographical data related to exploration activities.
As part of the conference proceedings, Radwan participated in a panel discussion that included senior exploration officials and economists from bp, Shell Energy, ExxonMobil Egypt, and Capricorn Energy PLC.
The discussion highlighted the strategic depth of Egypt’s long-standing relationships with foreign partners and the country’s promising investment potential. It also emphasized Egypt’s adoption of the latest exploration technologies to mitigate the risks associated with exploration in untapped areas.
In March 2025, the MoPMR launched a new round of investment opportunities, offering seven undeveloped fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert. This move followed the ministry’s success in closing the bidding process for 13 exploration areas and mature fields, which attracted over $700 million in investments.
