Badawi Engages Global Investment Banks to Accelerate Investments

• Wednesday, 11th February 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, presented the latest reforms, incentives, and opportunities within the petroleum and mining sectors during a roundtable meeting with a group of International financial institutions and investment banks, including  JPMorgan, EIG, Rothschild & Co., BlackRock, Jefferies, and Kirkland & Alice. The meeting, which took place on February 10, was also attended by  Ahmed Kouchouk, Minister of Finance, and Hassan El-Khatib, Former Minister of Investment and Foreign Trade

According to the Ministry of Petroleum and Mineral Resources (MoPMR), the meeting seeks to open new channels with financial institutions to secure funding for faster project execution and to promote direct investment in priority projects, thereby maximizing sector returns
Badawi said the ministry is working to attract investments through new investment models and targeted incentives designed to further attract the private sector.

ARCIUS Energy Unveils Five-Year Investment Program in Egypt

• Wednesday, 11th February 2026
• by Sarah Samir

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).

Egypt, EU Sign €90 Mn Grant Deal to Upgrade Power Grid

• Tuesday, 10th February 2026
• by Doaa Ashraf

During the EU Conference in Cairo about Egypt’s sustainable energy outlook 2040, Egypt and the European Union has signed a grant agreement worth €90 million that will be managed by the European Investment Bank to enhance investments in the electricity grid in Egypt and develop renewable energy capabilities. In addition, a separate €35 million grant agreement was signed for Norway’s Scatec to support its green ammonia project in Ain Sokhna, according to the Cabinet’s statement.

Egypt, EU Talk Energy Transition during Egypt Sustainable Energy Outlook 2040 Conference

• Tuesday, 10th February 2026
• by Sarah Samir

In cooperation with the government of Egypt the European Union (EU) co-hosted the Egypt Sustainable Energy Outlook 2040 Conference, entitled ‘Cooperation for Shared Properity’, in the Manial Palace in Egypt, within the framework of the strong partnership between Egypt and the EU.

Badawi Approves EGP 10B Capital Budgets for Alexandria and Amreya Refineries

• Tuesday, 10th February 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, has approved the investment plans for the Alexandria Petroleum Company (APC) and the Amreya Petroleum Refining Company (APRC) for the fiscal year (FY) of 2026/2027. This came during the general assembly meetings of the two companies.

APC has allocated  EGP 10 billion for investments in the upcoming FY, while APRC is advancing its investment allocation toward several high-impact projects that will boost the output of benzene and gasoline, directly contributing to a stronger bottom line and higher net profit.

Badawi Talks Mining Sector Potential at Mining Indaba 2026

• Tuesday, 10th February 2026
• by Sarah Samir

Representing Egypt at the African Mining Indaba 2026, Karim Badawi, Minister of Petroleum and Mineral Resources delivered a recorded speech at the Egypt Country Showcase. The Minister stated that Egypt views mining as a strategic pillar for economic diversification and industrial localization, through the Ministry's third strategic pillar aimed at relaunching the Mining Sector’s potential and increasing its contribution to the GDP from approximately 1% to 6%.

Egypt Partners with Global Oil Majors to Double Production in Five Years

• Monday, 9th February 2026
• by Sarah Samir

Minister of Petroleum and Mineral Resources Karim Badawi has held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and EXPRO in Egypt to establish a new technical framework for doubling Egypt's domestic crude oil production over the next five years.

MoMPR Showcases Gold, Critical Mineral Opportunities to Investors at African Mining Indaba

• Monday, 9th February 2026
• by Doaa Ashraf

 A delegation of the Ministry of Petroleum and Mineral Resources met with Asimwe Kabunga, Founder and Executive Chairman of Australian Resource Minerals International Limited and officials from Abu Dhabi Ports Group. The meetings, which came on the sidelines of the African Mining Indaba conference in South Africa, highlighted investment opportunities in Egypt's mining sector, supported by mineral resources, infrastructure, and energy sources, as well as recent reforms that have helped create a more competitive and investor-friendly environment, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
The petroleum ministry noted in its statement that discussions focused on investment opportunities in gold exploration and in critical and strategic minerals seen as key to the future of the global economy..

MoPMR Discusses Mining Incentives, Licensing with Global Investors in Cape Town

• Monday, 9th February 2026
• by Samar Samir

Representatives of the  Egyptian Ministry of Petroleum and Mineral Resources (MoPMR) held talks with Australian and Canadian mining investors to discuss expanding exploration activities in the Eastern Desert. The discussions, taking place during the Investing in African Mining conference in South Africa, focused on streamlining licensing procedures and leveraging international expertise to modernize Egypt’s mining infrastructure.

Egypt Highlights Mining Reforms,Potential in Africa’s Indaba Conference

• Sunday, 8th February 2026
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources is participating with a high-level delegation in the activities of Africa’s Mining Indaba 2026 conference, held in Cape Town, South Africa, from February 9th to 12th.
Egypt's participation in this year's edition comes within the framework of promoting the new investment climate in the mining sector and showcasing the structural reforms and investment incentives recently implemented by the Ministry. It also aims to highlight legislative amendments designed to streamline procedures and attract major international corporations, as well as medium and small-sized companies, in the field of gold and mineral exploration and exploitation.