Minister of Petroleum and Mineral Resources Karim Badawi commended the efforts of the Egyptian General Petroleum Corporation (EGPC) and its affiliated companies, which have successfully returned crude oil production to a growth trajectory, with total output now exceeding 540,000 barrels per day.
The remarks came during an expanded meeting held at EGPC headquarters, attended by EGPC Chief Executive Officer Salah Abdel Karim, along with deputy CEOs, senior executives and department heads. The meeting formed part of the ministry’s ongoing efforts to monitor sector performance, encourage dialogue and explore practical solutions aimed at improving operational efficiency and strengthening the petroleum sector’s overall performance.
Addressing employees across the petroleum and mining sectors, Badawi stressed that safety remains the industry's foremost priority. He emphasized that protecting workers at production sites, facilities and corporate offices is a fundamental responsibility that allows no room for compromise.
He also urged employees to maintain a strong commitment to personal safety beyond the workplace. The minister called for the continued development of innovative ideas and practical initiatives that can help overcome operational challenges, attract additional investments, increase productivity, accelerate project implementation and shorten the timeline required to bring newly discovered fields into production.
He highlighted recent measures introduced by the ministry, EGPC and state-owned holding companies to improve the economics of exploration, development and production agreements with international partners and investors. He underscored the strategic importance of EGPC to Egypt’s economy and energy security, noting that every department and work team plays a vital role in maintaining reliable fuel and energy supplies for citizens, particularly during the summer months when consumption levels typically rise.
For his part, Abdel Karim reviewed the initiatives undertaken by EGPC’s various departments to boost production, secure domestic market requirements, improve transportation, distribution and refining operations and enhance refinery performance to increase the supply of petroleum products.
He confirmed that the sector is fully prepared to meet summer demand and ensure uninterrupted energy supplies, building on the successful performance achieved over the past two years. Abdel Karim also revealed that ongoing work at the gasoline complex operated by Cairo Petroleum Refining Company is expected to add 2,000 tons of gasoline per day beginning in August.
The project aims at reducing Egypt’s fuel import bill by around $70 million per month.