Egypt and Cyprus are seeking to accelerate projects connecting Cypriot gas fields to Egyptian infrastructure, with talks focusing on bringing Cronos into production in 2028, advancing development arrangements for Aphrodite, and implementing a cooperation framework with ExxonMobil and QatarEnergy

Minister of Petroleum and Mineral Resources Karim Badawi met with the Egyptian General Petroleum Corporation’s (EGPC) executive board, led by Chief Executive Officer Salah Abdel-Karim, to review plans to increase domestic production, secure petroleum product supplies, and improve operational efficiency.

The Egyptian Natural Gas Holding Company (EGAS) and US-based energy company Chevron signed an agreement to explore for and develop natural gas and crude oil in the Mediterranean Sea’s Lotus offshore block, with a minimum investment commitment of $88 million, as per a statement.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from Italian energy company Eni to discuss accelerating development of the Denise gas field in the Mediterranean, increasing production, and expanding exploration in Egypt, according to a ministry statement.

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and Chevron’s President of Base Assets and Emerging Countries Javier La Rosa discussed accelerating the agreements needed to connect Cyprus’s Aphrodite gas field to Egyptian infrastructure.

US liquefied natural gas (LNG) exports to Egypt rose by 236% year on year (YoY) to 86.047 billion cubic feet in June 2026, making the country the largest destination for US LNG during the month, according to data issued by the US Department of Energy (DOE).

The Egyptian General Petroleum Corporation (EGPC) recorded 63 oil and gas discoveries and refined approximately 28 million tons of crude oil during fiscal year (FY) 2025/2026, while meeting the domestic market’s petroleum product needs, as per a statement.

The Egyptian Petrochemicals Holding Company (ECHEM) and its subsidiaries produced around 4.6 million tons of petrochemical products and generated $2.6 billion in revenue during fiscal year (FY) 2025/2026, ECHEM Chairman Alaa El-Din Abdel Fattah said.

Egypt's cabinet has approved the continued production of oil and natural gas from development areas and contracts that have expired or are nearing the end of their validity periods

UK-based Energean plc plans to invest up to $150 million in Egypt over the next four years as it moves to combine its Abu Qir, North El Amriya (NEA), and North Idku (NI) concessions under a single framework.

Assiut Oil Refining Company (ASORC) produced approximately $3 billion worth of petroleum products in fiscal year (FY) 2025/2026 after refining 3.314 million tons of crude oil, while Petroleum Pipelines Company (PPC) transported more than 8.2 billion ton-kilometers through its 6,300-kilometer network.

Prime Minister Mostafa Madbouly has reviewed the procedures required to complete the establishment of the Fujairah Alamein Oil and Gas Company project, given its strategic impact on Egypt’s energy sector,

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Energean CEO Mathios Rigas to explore opportunities for expanding the company’s investments and raising natural gas production in Egypt.

Egypt’s Cabinet has approved the establishment of a special free zone for Fujairah Alamein Oil and Gas Company LLC to store and trade crude oil and petroleum products in New Alamein City.

Egypt’s Ministry of Petroleum and Mineral Resources and Halliburton are exploring the wider use of horizontal drilling and hydraulic fracturing technologies to increase oil and gas production and reduce operating costs.

Egypt is accelerating efforts to boost crude oil and natural gas production as well as scaling exploration activities, Petroleum and Mineral Resources Minister Karim Badawi said during an extensive meeting with international and Egyptian oil companies.

Minister of Petroleum and Mineral Resources Karim Badawi has launched the 2026 international bid round for crude oil and natural gas exploration, offering 14 new blocks to international and Egyptian oil and gas companies.

Vaalco Energy’s oil sales in Egypt jumped to $152.77 million in the first half (H1) of 2026 from $112.84 million a year earlier, according to the company’s financial results.

CI Capital expects that every 10% increase in global oil and natural gas prices would raise Egypt's annual fuel import bill by around 26%, or $6 billion, the Cairo-based diversified financial services group said in a recent report.

Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi reviewed plans to secure the local market’s energy needs during August, including measures to maintain adequate supplies and provide operational alternatives.