Egypt Targets 250mmcf/d Increase in Oil and Gas Production by End-2026
Egypt is aiming to increase its oil and gas production by targeting an additional 250 million cubic feet per day (mmcf/d) of natural gas from the Zohr and West Mina fields in the Mediterranean before the end of 2026, along with 80 mmcf/d from the Meleiha fields in the Western Desert by September.
The country's Minister of Petroleum and Mineral Resources, Karim Badawi, made this announcement during a meeting with Prime Minister Mostafa Madbouly to review the Ministry's ongoing work and efforts to strengthen domestic oil and gas production.
Zohr is Egypt's largest gas discovery and the Mediterranean's largest gas field, owned by Eni (50%), Rosneft (30%), BP (10%), and Mubadala Energy (10%) and operated by Petrobel, a joint venture between Eni and Egyptian General Petroleum Corporation.
The minister highlighted the readiness of Egypt's natural gas supply system, which helped maintain regular supplies to various consumption sectors during the peak of the summer season. He also mentioned that the completion of payments of outstanding arrears to petroleum-sector partners in June 2026 represents a significant step toward restoring investor confidence and creating a more favorable environment for new investments.