Minister of Petroleum and Mineral Resources Karim Badawi held talks on Tuesday, June 16, 2026, with a delegation from the United Arab Emirates headed by Hussein Sultan Lootah, Chief Executive Officer of the Emirates National Oil Company (ENOC), and Abdulkarim Al Mazmi, Chief Executive Officer of Dragon Oil, on opportunities to expand UAE investments in Egypt’s petroleum sector.
The discussions focused on potential investments in aviation fuel supply, as well as oil and gas exploration, research and production activities. According to a statement issued by the Ministry of Petroleum, officials from ENOC and Dragon Oil praised the Ministry’s success in settling all outstanding dues owed to investment partners.
They stressed that this achievement reflects the strength and credibility of the Egyptian state and helps bolster investor confidence while creating an attractive environment for further investments. Officials from ENOC and Dragon Oil praised the Ministry’s success in settling all outstanding dues owed to investment partners, describing the move as a reflection of Egypt’s credibility and commitment to fostering a more attractive investment environment.
Badawi said Egyptian-Emirati cooperation in the petroleum sector represents a successful model of Arab economic integration, highlighting Dragon Oil’s achievements in Egypt and its commitment to expanding its investment programs. The minister reaffirmed Egypt’s support for deeper Emirati participation through strategic partnerships with Egyptian companies and the development of a joint roadmap to capitalize on promising opportunities, particularly in aviation fuel services.
Both sides agreed to establish a joint working group to develop an executive program for expanding Emirati investments in Egypt’s petroleum sector and assessing opportunities in aviation fuel supply and exploration activities, further strengthening the strategic partnership between the two countries.
Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert