Today, June 10, Egypt fully settled its arrears to foreign oil and gas partners, a milestone aimed at restoring investor confidence, stimulating new investment, and accelerating exploration and research activity, Karim Badawi, Minister of Petroleum and Mineral Resources, announced in a recorded statement.
United Energy Egypt (UEE) has successfully implemented the second phase of its Green Transition (TGT II) project, delivering measurable social, environmental, and economic impact across Borg El Arab and Wadi El Natrun in partnership with the environmental and green consultancy firm You Think Green (YTG), according to a press release by UEE.
The project aims to accelerate sustainable practices across education, agriculture, and industry by equipping local communities with the knowledge, technologies, and resources needed for lasting transformation.
Representing Egypt, Karim Badawi, Minister of Petroleum and Mineral Resources, took part in the 10th Global Energy Forum in Washington, D.C., hosted by the Atlantic Council, with the participation of high-level government officials, global energy executives, and investors.
During the event, Badawi participated in a special fireside chat themed "Energy, Diplomacy, and Regional Stability in the Middle East".
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a decision appointing Mervat Abou El‑Maaty as General Manager of the General Department for Mining Marketing and Promotion at the Egyptian Mineral Resources and Mining Industries Authority (MRMIA). This comes as part of maximizing the role of young talents in achieving the objectives of developing Egypt’s mining sector.
Karim Badawi , Minister of Petroleum and Mineral Resources, met with Michael Damianos, Cyprus’s Minister of Energy, Commerce and Industry to review progress on plans to connect Cypriot gas fields to Egypt on the sidelines of the 10th Ministerial Meeting of the East Mediterranean Gas Forum (EMGF2026) in Washington.
Speaking at the Forum, Badawi highlighted Egypt’s role as a regional energy hub, called for renewed talks on developing Palestinian offshore gas resources, and outlined ongoing regional cooperation and recent oil and gas discoveries aimed at strengthening energy security and attracting investment.
In one of Egypt’s long‑anticipated privatization deals, UAE‑based Alcazar Energy signed a $420 million agreement with the government to operate, manage, maintain, and upgrade the 580‑megawatt Jabal El‑Zeit wind farm on the Red Sea, a cabinet statement said.
The deal, classified as a management privatization, also includes a Power Purchase Agreement under which the Egyptian Electricity Transmission Company will buy the farm’s output throughout the contract period. The statement did not specify the duration of the agreement or the currency in which payments will be made.
The Egyptian General Petroleum Corporation (EGPC) organized an environmental workshop for petroleum companies operating in the North and East Gulf of Suez and Red Sea regions as part of the Ministry of Petroleum and Mineral Resources' strategy to strengthen environmental performance across the sector.
The workshop, led by EGPC CEO Salah Abdel Kerim, focused on advancing environmental sustainability through practical solutions, knowledge sharing, and the replication of successful industry practices.
Mahmoud Esmat, Minister of Electricity and Renewable Energy met with a delegation of Norway’s Scatec to review the operation of the first phase of the 561 megawatt (MW) Obelisk Solar Power Plant and accompanied 100 /200 megawatt-hour (MWh) battery energy storage system that was connected to the national grid earlier this year.
They also reviewed progress on the second 564 MW phase of the plant, which is scheduled to enter service within the coming weeks as part of plans to add new renewable energy capacity during the summer.
The meeting further addressed the implementation status of Scatec's broader renewable energy projects in Egypt including ones with a combined capacity of 3.1 gigawatt (GW) and battery energy storage developments totaling 4 gigawatt-hour (GWh) across the governorates of the Red Sea, Qena, Minya, and Alexandria.
The Egyptian Petrochemicals Holding Company (ECHEM) reviewed key performance indicators of its affiliate, Sidi Kerir Petrochemicals Company (Sidpec), during a production committee meeting. Discussions covered occupational health and safety, environmental standards, production rates, and the performance of operating units.
The committee also focused on ensuring the consistent supply of natural gas and necessary production inputs to maintain stable and efficient operations, noted a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
Crude oil production from the Sinai Offshore Fields has reached its highest daily level since 2017, with output averaging around 27,000 barrels per day (bbl/d), a milestone that underscores the effectiveness of ongoing efforts to boost output from existing assets and optimize the utilization of Egypt’s petroleum resources, according to the Ministry of Petroleum and Mineral Resources (MoPMR)
