Sisi affirms Egypt’s commitment to honor dues owed to foreign companies

CAIRO – 7 September 2025: President Abdel Fattah El-Sisi has underscored the importance of fulfilling all financial obligations to foreign companies operating in Egypt as he met with the prime minister and the minister of petroleum and mineral resources on Sunday.

Sisi emphasized Egypt’s commitment to honor these dues, which is essential to strengthening the state's credibility and reinforcing confidence in the country’s investment environment.

The meeting reviewed key developments in Egypt’s energy and mining sectors, with a focus on fostering foreign investment in this vital sector and boosting petroleum and gas production.

The president highlighted the need to provide additional incentives and facilitations to investors in the petroleum sector, which contributes to increasing production and meeting Egypt’s rising consumption and development needs.

Sisi directed continued efforts to develop newly discovered energy wells and swiftly bring them into the national production map.

He also called for accelerated exploration and drilling activities to further solidify Egypt’s role as a leading regional energy hub.

Minister of Petroleum and Mineral Resources Karim Badawi reviewed during the meeting the state’s efforts to attract and incentivize foreign investment in this mining field.

He also presented the outcomes of his participation in the International Mining and Resources Conference (IMARC), held earlier this month.

The minister reviewed recent discoveries and agreements, along with the execution status of related ongoing projects. He also reported on the volume of crude oil and natural gas production during the period from July 2024 to August 2025.

Read more about recent exploration deals signed by Egypt, from here.

The presentation further addressed proposed strategies to enhance domestic production of petroleum and natural gas resources, in addition to infrastructure developments implemented to ensure the availability of sufficient gas supplies to meet local market demand.

The minister also reviewed progress in the implementation of Egypt’s strategy to become a regional energy hub, and presented the foundations of the Integrated and Sustainable Energy Strategy extending to 2040.

In addition, Badawi highlighted ongoing efforts to attract more international companies to invest in Egypt’s oil and gas sectors, pointing to the positive developments currently taking place in the operations of these companies.

He underscored that this momentum reflects growing confidence in Egypt’s investment climate, and the promising opportunities and vast potential the country offers in both the oil and gas industries.