On Sunday, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly and Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, to discuss the latest developments in the petroleum and mining sector.
Ambassador Mohamed El-Shenawy, the official spokesperson for the Presidency, explained that during the meeting, the Minister of Petroleum presented a comprehensive briefing on the most significant updates in the mining sector, with a focus on strategies to attract and stimulate foreign investments in this vital field. The minister also reviewed the outcomes of his participation in the International Mining Conference held in Australia this September, where he explored the latest updates and investment opportunities discussed there.
The minister’s presentation covered the key pillars of the ministry’s current work, including new discoveries, agreements with foreign companies, and the implementation status of ongoing projects. He also reviewed data on crude oil and natural gas production during the period from July 2024 to August 2025, in addition to mechanisms proposed to boost local production of petroleum and gas resources. Furthermore, he highlighted the infrastructure that has been developed to ensure the availability of gas resources necessary to meet the growing domestic demand.
The minister spoke about Egypt’s strategy to transform itself into a regional energy hub and the foundations of its integrated energy strategy up to the year 2040. He also addressed efforts to attract more international companies to invest in oil and gas, praising the positive results these companies have achieved in the Egyptian market. He stressed that the continuous growth of their operations reflects the increasing confidence in Egypt’s investment climate and the vast opportunities and promising potential the state offers in this sector.
During the meeting, President El-Sisi emphasized the importance of granting additional incentives to investors to encourage them to inject more investments into the petroleum sector. This, he stated, would help raise production rates to meet the needs of the local market and support ongoing development.
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