Representatives from Egypt’s petroleum sector showcased the country’s growing investment opportunities and government incentives in the oil and gas industry during their participation in the Africa Energies Summit held last week in London.
The summit, a key global energy event, brings together top decision-makers and experts, providing a platform to promote investment across Africa, with Egypt emerging as a leading destination thanks to its evolving investment climate and progressive economic policies.
Egyptian officials held a series of bilateral meetings with senior executives from major global companies already active in Egypt’s exploration and production sectors, as well as with firms not yet operating in the country.
These discussions highlighted promising opportunities, especially in deep offshore regions and untapped basins, supported by an attractive investment environment and flexible economic models designed to encourage further growth in the petroleum sector.
Ehab Regaei, First Undersecretary of the Ministry of Petroleum and Mineral Resources (MoPMR) for Production, represented Minister Karim Badawi with a speech outlining the Ministry’s strategic plan.
Mohamed Radwan, Vice President of Ganoub El Wadi Petroleum Company (Ganope) for Agreements and Exploration and Director of the Egypt Upstream Gateway (EUG), presented detailed insights into investment opportunities across several geological basins, focusing on the Red Sea and Mediterranean regions.
Radwan also highlighted the Egypt Upstream Gateway, a sophisticated digital platform containing comprehensive technical and geographical data on exploration activities.
Radwan took part in a panel discussion alongside senior exploration officials and economists from bp, Shell Energy, ExxonMobil Egypt, and Capricorn Energy PLC.
The panel emphasized Egypt’s strong, long-term partnerships with foreign companies and underscored the country’s significant investment potential.
They also noted Egypt’s use of advanced exploration technologies to reduce risks in less explored areas.
Earlier this year, in March 2025, the MoPMR launched a new round of investment opportunities, offering seven undeveloped fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and Western Desert.
This followed the successful bidding process for 13 exploration areas and mature fields, which attracted more than $700 million in investments, demonstrating growing global confidence in Egypt’s petroleum sector.
