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.
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.
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%.
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.
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..
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.
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.
Within the framework of the Ministry of Petroleum and Mineral Resources' directives, the Egyptian General Petroleum Corporation (EGPC) organized an extensive meeting that included the new chairmen and operations managers of petroleum sector companies, alongside several supporting companies.
Dana Gas, the Middle East’s largest regional private sector natural gas company, has reported a net profit of AED 476 million ($130 million) for the full year 2025 compared to AED 553 million ($151m) in 2024. While average Egyptian production declined 23% year-on-year to 12,600 boe/d due to natural field depletion, the company expects its 2026 drilling campaign to stabilize output and restore growth. Seven more wells are planned in Egypt in 2026, with the Daffodil exploration well already spudded in January.
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), conducted an extensive field tour of major refining facilities in Alexandria, following directives from Karim Badawi, Minister of Petroleum and Mineral Resources, to optimize asset utilization and improve refinery efficiency. The visit targeted operational updates at Amreya Petroleum Refining Company (APRC), Alexandria Petroleum Company (APC), and Middle East Oil Refinery (MIDOR), according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
