investment | Egypt Oil & Gas

Badawi Highlights Egypt’s Mining potential During FMF Meetings

On the sidelines of his participation in the Future Minerals Forum (FMF) in Riyadh, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings with senior executives of leading mining com ...

Exxon Mobil Keeps Venezuela Option Open Despite Trump Objections

Exxon Mobil remains interested in assessing a potential return to Venezuela and is prepared to send a technical evaluation team within weeks, despite U.S. President Donald Trump signaling he may block the company ...

NPIC Dedicates $100 Mn for Unlocking New Opportunities

North Petroleum International Company (NPIC), a subsidiary of China’s state-owned Zhenhua Oil Company, plans to boost production through the optimization of existing assets and the acquisition of new concessions. ...

MOPCO to Invest up to $250mn in Capacity Expansion, Export Growth

Misr Fertilizers Production Company (MOPCO)  will invest between $200-$250 million in 2026/2027 to increase production capacity and expand in new export markets, the company said in a statement sent to the Egyptia ...

Egypt, Australia Boost Investment Cooperation in Mining, Energy Sectors

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining secto ...

Egypt Strengthens Cooperation with Siemens Energy

Mohamed El-Shimy, Minister of Public Business Sector, met with a delegation from Siemens Energy to discuss potential areas of cooperation as well as explore investment opportunities and partnerships in several are ...

Egypt to Launch New International Bid Round Exploration in Red Sea via EUG

Egypt is preparing an international bid round for oil and gas exploration in four areas of the Red Sea, which will soon be launched through the Egypt Upstream Gateway (EUG). This was discussed during a meeting bet ...

Badawi: Egypt to Drill 480 New Exploration Wells through 2030

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 ...

Badawi Holds Mining, Energy Investment Talks on Sidelines of London Energy Intelligence Forum

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 coopera ...

Egypt, Cyprus Partnership Expands to Mining

Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cyprus’s Ambassador to Egypt, Polly Ioannou, at the ministry’s headquarters in the New Administrative Capital to discuss prospects for cooper ...

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