President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly and Engineer Karim Badawi, Minister of Petroleum and Mineral Resources.
Ambassador Mohamed El-Shennawy, the official spokesperson for the Presidency, explained that the meeting reviewed the latest developments in the mining sector. The Minister of Petroleum and Mineral Resources presented updates regarding efforts to attract and stimulate foreign investments in this vital sector. He also briefed on the outcomes of his participation in the International Mining Conference held in Australia in September.
During the meeting, the minister highlighted the ministry’s key priorities for the current phase, pointing to developments in discoveries, existing agreements, the implementation status of ongoing projects, and the production volume of crude oil and natural gas covering the period from July 2024 to August 2025.
Several key areas were discussed, including enhancing domestic production of petroleum and natural gas, as well as developing the necessary infrastructure to ensure sufficient gas supply to meet local market needs.
The official spokesperson added that the Minister of Petroleum presented a report on Egypt’s strategy to become a regional energy hub and outlined the core pillars of the Integrated Energy Strategy up to 2040. The report included ongoing efforts to attract more international companies to invest in the petroleum and gas sectors, showcasing the positive developments currently being witnessed by those companies operating in Egypt.
President El-Sisi stressed during the meeting the importance of providing incentives and facilitations to investors to enhance the volume of investments in the petroleum sector and increase production in order to meet the growing needs of development and consumption.
The meeting also addressed the issue of foreign companies’ dues in Egypt, where the President emphasized the necessity of fully settling these obligations. He underlined that this step contributes to strengthening the state’s credibility and reinforcing confidence in Egypt’s investment environment on a sustainable basis.
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