Prime Minister Moustafa Madbouli met on Monday with Minister of Petroleum and Mineral Resources Karim Badawi to review a number of key developments across the ministry’s work programme, including international energy co-operation, investment promotion and plans to expand exploration and production activities.
During the meeting, Minister Badawi briefed the prime minister on the outcomes of his recent visits to the United States, Russia and Jordan, highlighting Egypt’s efforts to strengthen regional and international partnerships in the energy sector and attract further investment.
The minister reviewed Egypt’s participation in the 10th Ministerial Meeting of the East Mediterranean Gas Forum in Washington, DC, where he led the Egyptian delegation.
He reaffirmed Egypt’s commitment to advancing regional co-operation in the energy sector and noted the significance of the meeting being held outside Egypt for the first time since the forum’s establishment.
Discussions focused on enhancing energy security, promoting sustainable economic development and strengthening joint efforts to maximise the region’s energy resources and address common challenges.
Minister Badawi also outlined the outcomes of a series of bilateral meetings with ministers and senior international officials, which focused on expanding co-operation in the oil, natural gas and mining sectors, encouraging new investment and reinforcing strategic partnerships.
The minister also briefed the prime minister on his participation in the St Petersburg International Economic Forum, where he presented Egypt’s strategy for developing the energy and mining sectors, increasing oil and gas production and enhancing national energy security.
During his visit to Jordan, discussions focused on expanding co-operation in natural gas and infrastructure development, while highlighting the growing regional role of Egyptian petroleum companies in delivering major projects to international standards.
Minister Badawi further reviewed plans to expand drilling and exploration activities, noting that 2026 is expected to witness the drilling of 101 new exploration wells, alongside additional production wells, to increase domestic oil and natural gas output.
He explained that the expansion reflects growing confidence among international energy companies following the government’s settlement of outstanding payments to investment partners and the introduction of measures to improve the investment climate.
