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 Ministry of Petroleum and Mineral Resources has renewed its denial of reports about changes to petroleum product prices, confirming that existing rates remain unchanged and that no official decision supports the figures circulating online, as per a statement.

President Abdel Fattah El-Sisi met with Prime Minister Moustafa Madbouly, Minister of Petroleum and Mineral Resources Karim Badawi, and Minister of Industry Khaled Hashem to discuss issues requiring coordination between the two ministries.

The Cabinet Media Center has denied reports claiming that Egypt will bear $50 million in repair costs for the Energos Winter floating storage and regasification unit (FSRU), which was damaged in a previous incident at Damietta Port.

Worley, an Australian engineering services company, asserted its commitment to strengthening cooperation with the Ministry of Petroleum and Mineral Resources and companies operating in Egypt’s mining sector

Egypt is advancing eight industrial projects to maximize the value of its phosphate resources, including the first phase of the Abu Tartour phosphoric acid complex, which has investments of $650 million, Petroleum and Mineral Resources Minister Karim Badawi said.

President Abdel Fattah El-Sisi attended the opening of the Egypt Mining Forum 2026 event, which is taking place on September 28 and 29 in the New Capital.

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.

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.

Prime Minister Mostafa Madbouly held talks with Minister of Petroleum and Mineral Resources Karim Badawi to review the ministry’s strategy to boost domestic oil and natural gas production and ensure energy security.

The South Valley Egyptian Petroleum Holding Company (Ganope) increased average crude oil production to around 33,000 barrels per day (bpd) in the fiscal year (FY) 2025/2026 and is targeting 44,000 bpd in FY2026/2027.

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.

Misr Petroleum Company generated more than EGP 230 billion in revenue during the previous fiscal year (FY) 2025/2026, as petroleum product sales surpassed 8 million tons.

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.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with chairmen and executives from major Australian, Chinese, and South African mining companies to explore attracting new investments into Egypt’s mining sector.

Egypt has implemented key reforms to improve its mining investment environment and attract more foreign investment, Petroleum Minister Karim Badawi said at the Africa Down Under (ADU) conference in Australia.

Egypt is accelerating efforts to increase local oil and gas production and attract new investments in the sector, Minister of Petroleum and Mineral Resources Karim Badawi said in an expanded meeting with media representatives.