On the 14th of October 2025, within the framework of his visit to the British capital, London, Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, participated as a keynote speaker at the inauguration of the 3rd World Energies Summit, attended by a number of ministers of petroleum and energy as well as heads of IOCs, to discuss key energy issues with a particular focus on upstream activities along with the integration of artificial intelligence-driven solutions.
Minister of Petroleum during his Participation in the World Energies Summit-2
During his opening speech at the summit, Eng. Karim Badawi announced Egypt's five-year plan for oil and gas exploration, which includes drilling approximately 480 exploratory wells with investments exceeding $5.7 billion. He noted that in 2026 alone, 101 wells are scheduled to be drilled across Egypt's key regions: 67 in the Western Desert, 14 in the Mediterranean Sea, 9 in the Gulf of Suez, and 6 in the Nile Delta. This ambitious program is expected to make a direct contribution to boosting national production levels.
