International energy companies highlighted the role of investment incentives, commercially viable gas agreements, and the settlement of outstanding payments in supporting their expansion in Egypt and encouraging further investment in its petroleum sector.

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi met with Julien Pouget, President for the Middle East and North Africa, Exploration and Production at France-based energy company TotalEnergies, to discuss accelerating the connection of Cyprus’ Cronos gas field to Egyptian infrastructure and expanding cooperation on Mediterranean gas exploration and production, as per a statement.

The Ministry of Petroleum and Mineral Resources and US-based energy company Chevron initialed a fiscal framework agreement to advance the development of Cyprus’s Aphrodite gas field and connect it to Egyptian infrastructure.

Egypt brought 591 new wells into production and recorded 113 discoveries between July 2024 and June 2026, Minister of Petroleum and Mineral Resources Karim Badawi said, outlining efforts to increase domestic oil and gas output and offset natural declines at existing fields.

Egypt is preparing to begin an offshore seismic survey covering approximately 18,000 square kilometers of its Eastern Mediterranean waters within two weeks, Minister of Petroleum and Mineral Resources Karim Badawi said.

Egypt’s Ministry of Petroleum and Mineral Resources and Abu Dhabi-based fertilizer producer Fertiglobe are probing plans for an integrated phosphate fertilizer complex in Ain Sokhna, with investments exceeding $1.5 billion.

Egypt's Fuel Automatic Pricing Committee (FAPC) has kept prices unchanged after reviewing movements in the EGP’s exchange rate and Brent crude prices during the third quarter (Q3) of 2026, according to a statement issued by the Ministry of Petroleum and Mineral Resources.

Minister of Petroleum and Mineral Resources Karim Badawi met with Arcius Energy CEO Naser Saif Al Yafei to discuss the company’s activities in Egypt and plans to accelerate gas exploration.

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.