According to presidential spokesperson Ambassador Mohamed El-Shennawy, the Minister presented an overview of the mining sector, outlining mechanisms to attract foreign investment. He also shared the outcomes of his participation in the International Mining Conference held in Australia this month.
The Minister detailed the ministry's current priorities,
including new discoveries, agreements, and the status of ongoing projects. He
also provided figures on crude oil and natural gas production between July 2024
and August 2025.
The discussion also focused on strategies to boost local
production of oil and gas resources and the progress of infrastructure projects
aimed at ensuring sufficient gas supplies to meet domestic demand.
Badawi also highlighted the progress of Egypt's strategy to
become a regional energy hub and the foundations of the country's sustainable
integrated energy strategy through 2040. He noted that efforts to attract more
international companies to invest in oil and gas have been successful, citing
increased activity from these companies as a reflection of growing confidence
in Egypt's investment climate and its promising potential in the sector.
In response, Sisi underscored the importance of offering more
incentives to investors to boost investment and increase production to meet the
country's growing consumer and development needs.
The meeting also addressed the issue of payments to foreign
companies operating in Egypt. Sisi stressed the need to settle all outstanding
dues to these companies, stating that this would enhance the state's
credibility and solidify confidence in the investment climate.
The President concluded the meeting by directing officials to continue developing newly discovered wells and integrate them into the production map. He also called for intensifying exploration activities to further strengthen Egypt's position as a regional energy hub.