14 New oil and gas exploration areas opened to investment in Egypt
Petroleum Minister Karim Badawi unveils new lic...
Thursday, 20 August 2026
They were joined by Khaled El Badry, the Ministry’s Undersecretary for Projects. The meeting discussed the company’s activities in Egypt and its plans for the coming period.
During the meeting, Badawi emphasized that the petroleum sector’s work strategy is based on specific pillars concerned with project feasibility studies, assessing requirements and inputs, total costs, financing, timelines, and returns.
Badawi also noted that the Egyptian government provides full support to its partners, enabling them to carry out their work and overcome difficulties and challenges.
For his part, Villa highlighted the company’s efforts to contribute to the development of sustainable aviation fuel (SAF) in Egypt, with the goal of positioning the country as one of the world’s leading producers of this type of fuel.
Villa further reviewed the company’s efforts to engage in green hydrogen production projects in Egypt.
