Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi has announced a strategic five-year plan for the energy sector. The primary objective is doubling crude oil production by 2030. To reach this goal, the Ministry plans to implement advanced technologies, specifically horizontal drilling and hydraulic fracturing. Additionally, the government is introducing new contractual frameworks to support these efforts.
Operational Strategy and Efficiency
During a recent videoconference with the Board of Directors of the Egyptian General Petroleum Corporation (EGPC), Minister Karim Badawi discussed measures to enhance operational speed and efficiency. EGPC Chairman Salah Abdel Kerim and Deputy Chairman Amal Tantawi reviewed the current agenda, focusing on maintaining the recent positive momentum in output.
Karim Badawi noted that Egypt has successfully cleared outstanding dues over the last two years. This financial stabilization, combined with new incentive packages, has helped return crude oil production to a growth trajectory.
Natural Gas Development and Exploration
The Ministry is currently working closely with investment partners to boost natural gas output. Much of the production in this sector originates from deepwater fields in the Mediterranean. These projects require significant investments and complex exploration timelines.
A notable result of these efforts is the Denis discovery in the Temsah concession. This field is estimated to hold approximately 2 trillion cubic feet of gas. According to the Badawi, this discovery demonstrates that fostering an attractive investment climate is essential for unlocking future potential.
Ensuring Energy Security
Regarding national energy security, the energy sector successfully met the fuel requirements for the electricity grid during the summer of 2025. This was necessary to address record demand levels reaching 40.5 gigawatts (GW). Close coordination between the Ministry of Petroleum and the Ministry of Electricity and Renewable Energy ensured that these supplies remained stable. Efforts are ongoing to maintain this consistency for the remainder of the summer season.
