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Egypt Eyes Billions in New Investment to Revive Oil and Gas Production
- The Egyptian government is doubling down on its plans to accelerate the development of its oil and gas resources.
- Egypt now aims to achieve a production capacity of 6.6 billion cubic feet per day by 2027, supported by increased drilling, new exploration incentives, and greater investment from international oil and gas majors.
- In October, the Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cypriot Energy Minister Michael Damianos, East Mediterranean Gas Forum Secretary-General Osama Mobarez and international oil and…
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