Karim Badawi

Minister Karim Badawi ensures a stable electricity supply without outages during Summer 2026.

Egypt's Petroleum Minister Karim Badawi and Norwegian Ambassador Erik Husem discussed strengthening bilateral energy cooperation, focusing on green transition, renewable energy development, and attracting Norwegian investments in Egyptian gas exploration and carbon capture technologies.

TotalEnergies resumes gas exploration in Egypt's Western Mediterranean through a new agreement with EGAS.

Egypt's petroleum minister and the African Petroleum Producers Organization chief discussed strengthening African energy integration, proposing a ministerial summit in El Alamein to coordinate continental energy priorities and explore the African Energy Bank's financing role.

Prime Minister Madbouly coordinated ministerial efforts to secure fuel supplies, stabilize Egypt's electricity grid, and expand renewable energy to 45% by 2028, supported by over 19 billion dollars in international investments.

Egypt's Technical Gas Services Company secured a contract to rehabilitate Lebanon's 30-kilometer natural gas pipeline and modernize its control systems, strengthening Egypt's regional energy hub strategy while addressing Lebanon's infrastructure challenges.

Egypt will rehabilitate Lebanon's gas pipelines under a new energy agreement.

Egypt's petroleum minister met with ExxonMobil executives to expand synthetic lubricants and greases production, leveraging the company's Egyptian facilities to supply 45 countries while modernizing refineries and reducing Egypt's import dependency through advanced drilling technologies.

Prime Minister Madbouly met with Italy's Eni executives in May 2026 to discuss energy investments and operations, emphasizing Egypt's commitment to business stability while prioritizing the energy sector for economic growth and export expansion.

Prime Minister Mostafa Madbouly inspects Egypt's Al-Qaher-2 drilling rig after a natural gas discovery.

Khalda Petroleum Company made 15 oil discoveries in the first half of fiscal year 2025/26, boosting reserves by 15 million barrels.

Egypt's petroleum minister and TotalEnergies leadership discussed expanding natural gas exploration in the Mediterranean's Herodotus Basin, with both parties committing to accelerate negotiations toward a memorandum of understanding for joint projects.

Egypt's Petroleum Minister Badawi reported outstanding arrears to international oil companies plummeted to $770 million from $6.1 billion in June 2024, with full repayment scheduled by June to restore investor confidence and accelerate upstream exploration activities.

Egypt's Petroleum Minister Karim Badawi met Turkish officials and mining companies in Istanbul to expand bilateral cooperation, attract investment into Egypt's mining sector, and deepen energy partnerships, emphasizing regulatory reforms, downstream processing, and renewable energy targets of 42% by 2030.

Egyptian Fajr Natural Gas Company reduces headquarters electricity costs by 65% using solar power.

Methanex Egypt's production has increased tenfold in 15 years, reaching 1.1 million tons in 2025.

Minister Karim Badawi outlines a five-year infrastructure plan to reduce imports by upgrading production.

Egypt's Ministry of Petroleum and Mineral Resources celebrates women's growing role in the energy industry.

McKinsey considers expanding into Egypt's oil and gas market due to its strong infrastructure and growth opportunities.

Egypt's Petroleum Minister Badawi met Shell and PETRONAS leaders to accelerate exploration and development at West Delta Deep Marine, Egypt's largest offshore Mediterranean gas asset, aiming to boost domestic production through Phase 12A drilling and the Mina West field.

The African Petroleum Producers' Organisation will launch a continent-wide training platform by year-end while Egypt proposes hosting a ministerial summit in June to advance African energy cooperation, infrastructure development, and the establishment of a strategic African Energy Bank.

Egypt's government is shifting phosphate exports toward high-value fertilizer manufacturing, increasing production from 11 million to 16 million tons annually while investing $1.1 billion in processing facilities to capitalize on its world's third-largest phosphate reserves.

Egypt's petroleum corporations signed a framework agreement with bp and Harbour Energy to develop Mediterranean oil and gas reserves in North King Mariout and El Arish field, supporting Egypt's five-year production boost plan involving 480 exploration wells by 2030.

Egypt's EGPC and Algeria's Sonatrach signed a memorandum to establish crude oil imports, enhancing Egypt's energy security and supply chain sustainability while strengthening regional petroleum integration and bilateral strategic partnership.

Rashpetco exceeded its 2025 production target by 4% due to operational efficiency gains.

Misr Phosphate achieved 4.02 million tons output, marking fifth consecutive year of growth and commanding 40% of Egypt's phosphate market, while expanding into value-added production through phosphoric acid and fertilizer complexes in partnership with international firms.

Dana Gas received its final $20 million payment from Egypt, clearing all arrears, while Egypt reduced total partner oil and gas debts from $6.1 billion to $714 million, demonstrating commitment to settling foreign arrears and supporting energy sector investment.

Egypt's Petroleum Ministry announced a new Nile Delta gas discovery producing 50 million cubic feet daily, operated by Eni and BP, strengthening investor confidence as the nation clears outstanding international debts targeting zero arrears by June.

Minister Karim Badawi issues leadership transfers to strengthen petroleum sites with necessary competencies.

Egypt's MRMIA expands global mining partnerships at the OECD forum in Istanbul.

Egypt's Minister Karim Badawi outlines the country's mining strategy at the OECD Critical Minerals Forum.

Prime Minister Madbouly reviews summer energy scenarios with Minister Badawi to secure local market needs.

Egypt's sole methanol producer generates 1.1 million tonnes annually, meeting domestic industrial demand while exporting surplus to global markets, with expansion plans underway to capitalize on growing international demand.

Egypt's Supreme Council of Energy reviews supply security and renewable energy drive to bolster economic growth.

Egypt's EGPC secured an $800 million loan from Saudi Arabia-based ITFC to support its energy sector, part of broader $1.5 billion assistance package, as Cairo strengthens regional cooperation amid economic pressures.

Egypt and Norway agreed on a five-year energy cooperation plan covering green energy and gas exploration.

Egypt plans to power 7,000 factories with rooftop solar energy to reduce imports and boost renewables.

Egypt's petroleum minister proposed hosting an African Petroleum Producers Organization ministerial meeting in June to coordinate continental infrastructure financing and energy security, leveraging Egypt's specialized oil and gas companies and technical expertise.

Egyptian-Jordanian joint venture TGS won a contract to repair Lebanon's deteriorated 30-kilometer gas distribution network, enabling the crisis-affected nation to receive natural gas via Jordan through the Arab pipeline for cheaper, cleaner power generation.

Egypt's PETROJET secured a $1.1 billion contract to develop Algeria's Hassi Bir Rkaiz oil field's second phase, building a 32,000-barrel-per-day processing plant and pipeline infrastructure, strengthening Egyptian competency in regional energy markets.

Prime Minister Mostafa Madbouly pushes integrating new gas discoveries into production to maximize capacity.

Egypt's Petroleum Minister announced government initiatives to expand phosphate industries through private partnerships, transforming the Mineral Resources Authority into an economic body while developing phosphoric acid and fertilizer complexes to maximize resource value.

Egypt announces a new natural gas discovery in the Nile Delta, expecting 50 million cubic feet production per day.

Bapetco drilled 15 wells in the first half of FY2025/2026, producing 49,000 boe/d.

Egypt's Nile Delta sees a new gas discovery, boosting production by 50 million cubic feet per day.

Egypt's petroleum ministry and TotalEnergies are negotiating a memorandum of understanding to expand natural gas exploration in the deep-water Herodotus Basin, spanning 90,000 square kilometers, as part of Egypt's strategy to boost domestic production through partnerships with major international oil companies.

Egypt's petroleum minister announced plans to increase mining's GDP contribution from under 1% to 6%, launching its first aerial mineral survey since 1984 in June to attract investment and unlock the sector's economic potential through modernized frameworks and technology integration.

Egypt and Türkiye's ministers agreed to strengthen mining and energy cooperation through joint working groups, expertise exchange, and investment exploration, building on their May 2025 memorandum during discussions in Istanbul.

Egypt lifted mandatory 11 p.m. shop closures and launched solar energy incentives to mitigate economic fallout from US-Israeli-Iranian regional tensions, as global growth forecasts decline amid commodity price surges and investor risk aversion.

Minister Karim Badawi and Ahmed El Sewedy discussed speeding up the Ain Sokhna phosphate project implementation.