Egypt’s President Abdel Fattah El Sisi called for expanding incentives and easing procedures for investors in the petroleum, gas, and mining sectors to help increase investment, boost production, and support rising domestic and development needs.
He also stressed the importance of advancing local industries linked to these sectors.
The President’s remarks came during a meeting with Prime Minister Mostafa Madbouli and Petroleum and Mineral Resources Minister Karim Badawi.
According to Presidential Spokesman Mohamed El Shennawy, the meeting reviewed the ministry’s current strategy, including exploration and production plans and ongoing efforts to develop the mining sector and increase its added value.
For his part, Badawi outlined the exploration program for 2026–2030 and presented updates on the mining sector’s potential, investment opportunities, and reforms under way to make the sector more competitive, including the new law restructuring the Mineral Resources Authority.
The meeting also discussed expanding onshore and offshore exploration for oil and gas and the incentives offered to encourage international companies to invest.
The President directed the government to intensify exploration efforts and build on recent progress.
Badawi also reviewed upcoming offshore drilling in the Mediterranean, expected reserves and production, seismic survey plans, and gas output from July 2024 to October 2025, along with steps to diversify gas supply sources.
He briefed the President on his participation in ADIPEC in Abu Dhabi, where he promoted Egypt’s investment opportunities and underlined the importance of regional cooperation for energy security.
