CAIRO, 15th October, 2025 (WAM) - Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, has announced an ambitious five-year strategy to expand oil and gas exploration and production across the country.
The plan includes drilling around 480 exploratory wells with total investments exceeding $5.7 billion, marking one of Egypt's largest exploration programs in recent years. In 2026 alone, the Ministry targets 101 new wells-spread across the Western Desert (67), Gulf of Suez (9), Mediterranean Sea (14), and Nile Delta (6)-aimed at strengthening domestic energy supply. according to Egypt Today.
Badawi credited the government's incentive measures introduced in 2024 for attracting fresh international interest, leading to 21 new agreements worth $1.1 billion and the addition of 300 wells to the production map, which reversed years of declining gas output by August 2025.
He revealed that a strategic roadmap through 2030 is being developed to sustain this growth, noting that Eni plans to invest $8 billion and BP will contribute $5 billion toward new exploration projects. Four additional exploration deals valued at over $340 million were recently signed with Eni, Shell, and Arkeus Energy.
He also emphasised the country's commitment to expanding petrochemical production, targeting exports worth $4.2 billion by 2030, up from $2.4 billion in 2025.
