United Energy Group Limited (UEG) announced the successful completion of its acquisition of Apex International Energy Holdings I, following the satisfaction of all conditions precedent under the Sale and Purchase Agreement (SPA). The transaction was completed on 14 October 2025, in accordance with the terms of the SPA.
Egypt plans to drill around 480 new oil and gas exploration wells over the next five years with total investments exceeding $5.7 billion, announced Karim Badawi, Minister of Petroleum and Mineral Resources, during his keynote speech at the World Energies Summit held in London. He explained that 101 wells are scheduled for drilling in 2026 alone, distributed across Egypt’s main petroleum regions, 67 wells in the Western Desert, 14 in the Mediterranean, 9 in the Gulf of Suez, and 6 in the Nile Delta, contributing directly to increasing domestic production.
On the sidelines of the Energy Intelligence Forum in London, Karim Badawi, Minister of Petroleum and Mineral Resources, met with several international mining companies and financial institutions to explore cooperation opportunities and foster new partnerships to boost investment in Egypt.
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Lorenzo Simonelli, Chairman and CEO of Baker Hughes, on the sidelines of the Energy Intelligence Forum 2025 in London to discuss strengthening technological collaboration aimed at increasing oil and gas production and reducing carbon emissions.
Egypt has exported 155,000 cubic meters of liquefied natural gas (LNG) from its liquefaction plant in Idku to Italy. The exported gas was carried onboard the New NATURE tanker operated by Shell Interrnational.
The shipment, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), comes within the framework of the Ministry’s strategy to encourage international partners to increase investments necessary to bolster gas exploration and domestic production. This strategy said the ministry has led to accelerating the development of phases 10 and 11 of the West Delta Deep Marine (WDDM) project-co-operated and partly owned by Shell, -in the Mediterranean Sea, to boost natural gas output dedicated for export.
bp has signed a contract with Valaris, an American offshore drilling contractor, to drill five new natural gas wells in its Mediterranean concession areas at a depth of 300-1500 meters, utilizing the Valaris DS-12 deepwater drilling rig. The agreement marks the next phase of bp’s new drilling program in Egypt. This follows a preliminary Memorandum of Understanding (MoU) signed in September with the Egyptian Natural Gas Holding Company (EGAS) in London to implement the program.
Commenting on the move, Karim Badawi, Minister of Petroleum and Mineral Resources, stated that bp’s recent gas projects in the Mediterranean were pivotal for boosting domestic gas production and securing new resources during peak summer consumption. He emphasized the government’s full support to accelerate bp’s new projects, with the goal to increase local gas output over the next year, while discovering new gas reservoirs to enhance Egypt’s production capacity and reduce import needs.
President Abdel Fattah El-Sisi affirmed the importance of Egypt's Soda Ash project for supporting self-sufficiency in local industries and reducing imports. Led by Taiwan’s TCC Group, a subsidiary of China National Chemical Engineering Co., Ltd. (CNCEC), in partnership with Egyptian entities, the project will be Egypt's first integrated soda ash production complex, providing vital raw material for glass, detergents, paper, and fertilizer manufacturing–sectors that are currently almost entirely reliant on imports.
El-Sisi made his statement during a meeting with Mo Dingge, Chairman of CNCEC, in the presence of Prime Minister, Mostafa Madbouly: Karim Badawi, the Minister of Petroleum and Mineral Resources; Wu Xiang gong, the Vice Chairman of the CNCEC Group and Chairman of TCC Company, in addition to Guo Guihe, CEO of TCC.
President Abdel Fattah El-Sisi met with John Ardill, Vice President of Global Exploration at ExxonMobil, to review the progress of operations at its concession areas, particularly at the Mediterranean Sea.
The Meeting, attended by Prime Minister Mostafa Madbouly and Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed discussions on cooperation prospects in Egypt's rapidly progressing energy sector
President Abdel Fattah El-Sisi met with John Christmann, CEO of US Apache Corporation to review its current activities and plans to expand its exploration and production activities in Egypt.
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Naguib Sawiris, Chairman of In2metals Holding Company and Orascom Investment Holding, to discuss means of boosting cooperation in the mining sector. The Sawiris family fully owns In2Metals, which is incorporated in Luxembourg and focuses on gold and copper exploration. The company holds an 80.1 per cent stake in Akh Gold, KH Gold, a gold exploration company focused on discovering gold deposits in Egypt's Eastern Desert.
