Minister of Petroleum and Mineral Resources, Karim Badawi, met a delegation from McKinsey & Company to explore potential avenues of collaboration between Egypt’s oil and gas sector and the global consulting firm. The meeting reflects McKinsey’s interest in partnering with Egypt’s energy sector, which is witnessing rapid positive developments and boasts strong competitive advantages, particularly its advanced infrastructure, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

The discussions covered several potential areas of collaborationthat align with the MoPMR’s strategy, including exploration and production (E&P), the enhanced utilization of existing infrastructure, and value-added initiatives within the petrochemical and fertilizer industries. The parties also addressed opportunities in renewable and green energy, as well as environmental sustainability projects, all aimed at maximizing Egypt’s oil and gas potential while attracting greater international investment and partnerships.

The officials from McKinsey & Company affirmed that Egypt offers a promising and attractive environment for investment in the energy and gas sector, given the industry’s strong infrastructure, diverse growth opportunities, and encouraging investment incentives, alongside ongoing efforts to streamline procedures for investors.

They noted that Egypt has significant opportunities to increase domestic production of natural gas, particularly through continued efforts to stimulate investment and the adoption of new techniques, including horizontal drilling, as well as the development of work methods and environments that enhance operational efficiency and production.

Moreover, McKinsey & Company officials highlighted their fruitful participation in the Egypt Energy Show and Conference (EGYPES 2026), noting the strong momentum and promising opportunities within Egypt’s oil and gas sector, along with the positive impressions shared by industry partners regarding the attractiveness of the Egyptian market for investment and cooperation.

They explained that the company collaborates with several leading institutions and global firms in the Gulf and the region, and is looking to expand its presence in the Egyptian market by building effective partnerships with the oil and gas sector.

The agreement concluded with an agreement to organise working sessions between McKinsey & Company, the Egyptian General Petroleum Corporation (EGPC), and the sector’s holding companies and authorities. to explore potential cooperation in greater detail and establish priorities for joint initiatives in the upcoming phase

McKinsey & Company is a global management consulting firm which  helps Egypt’s leading institutions strengthen development, build winning businesses in key sectors, and unlock its tremendous human potential. The company works with Egyptian leaders to shape and implement improvement strategies in key sectors.