Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy to double the country’s crude oil production. During the meeting, Badawi highlighted the long-standing contributions of international oil companies to Egypt’s petroleum sector, noting their key role in boosting production over the past decades. Badawi outlined the ministry’s primary strategic objective of doubling oil production within five years through enhanced collaboration with international partners. This goal will be pursued by expanding drilling programs and deploying state-of-the-art technologies, particularly horizontal drilling techniques. To support these efforts, Badawi directed the development of updated contractual and technical mechanisms between the Egyptian General Petroleum Corporation (EGPC) and foreign partners.

Source: Daily News Egypt February 09, 2026 18:17 UTC