Egypt’s PM reviews oil, gas production

Egypt’s Prime Minister Moustafa Madbouly met on Thursday with Petroleum and Mineral Resources Minister Karim Badawi to review the ministry’s work, including efforts to increase domestic oil and natural gas production.

Badawi said Egypt targets adding around 250 million cubic feet per day (mmcf/d) of gas from the Zohr and Mina West fields in the Mediterranean before year-end, and around 80 mmcf/d from the Meleiha fields in the Western Desert by the end of September.

He said the completion of payments to petroleum sector partners in June 2026 helped restore investor confidence and support new investments in exploration and field development.

The minister said refinery utilisation rose from 66 per cent to more than 80 per cent due to increased crude availability and improved unit efficiency, boosting gasoline and diesel production and reducing the import bill.

Badawi also reviewed efforts to attract global mining companies and expand natural gas connections, with 804,000 residential units connected during fiscal year 2025/2026, replacing 14 million LPG cylinders.