Egypt Unveils Five-Year Oil and Gas Strategy to Boost Exploration

SEATTLE (Oil Monster):Egypt is preparing to roll out a new five-year strategy aimed at strengthening oil and natural gas exploration and boosting domestic energy output, following high-level talks between the Ministry of Petroleum and leading international energy companies.

Petroleum and Mineral Resources Minister Karim Badawi met with executives and representatives of foreign operators active in Egypt to outline priorities for the 2026–2030 period, the ministry said in a statement.

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Badawi said the core objective of the plan is to achieve crude oil self-sufficiency while maintaining steady growth in natural gas production. He emphasized that close collaboration with international partners has been instrumental in reversing declines in gas output, helping stabilize production at around 4.2 billion cubic feet per day.

The minister also underscored the government’s intention to expand downstream and value-added activities, including petrochemicals, fertilizers, and liquefied natural gas exports, as part of a broader effort to ease pressure on Egypt’s energy import bill.

According to Badawi, achieving these goals will require fresh investment frameworks, competitive incentives, and wider deployment of advanced drilling and production technologies. The meeting reviewed exploration targets, measures to enhance the investment climate, and technical approaches being implemented with partners to support long-term production growth.