The Cabinet’s media center said the petroleum sector has transformed from declining production and mounting debts before the June 30 Revolution into a key driver of investment and energy security. According to a series of infographics released by the media center, Egypt halted the decline in oil and natural gas output for the first time in four years between July 2024 and June 2026, bringing 591 new wells online, adding 1.6 billion cubic feet of natural gas and 280,000 barrels of crude oil and condensates to daily production, while recording 113 discoveries.
The cabinet pointed out that overdue payments to foreign partners were fully cleared, 27 new exploration agreements worth at least $1.4 billion were signed, and more than $17 billion in future investments were secured from international energy companies, alongside expanded LNG import infrastructure to strengthen domestic energy supplies.