Search
Close this search box.
Search
Close this search box.

MAIN MENU

Egypt and UAE Discuss Increasing Oil and Gas Sector Investments

Abu Dhabi:Deputy Prime Minister for Economic Affairs Hussein Issa and Minister of Petroleum and Mineral Resources Karim Badawi held discussions with UAE Minister of Industry and Advanced Technology, Sultan Ahmed Al Jaber, about enhancing economic partnerships in the oil and natural gas sectors.

According to State Information Service Egypt, the meeting unfolded on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) and included Egyptian Ambassador to the UAE Essam Ashour.

The Egyptian officials praised the growing relations between Egypt and the UAE, which have fostered strategic partnerships across key economic fields, particularly oil and gas. They emphasized the role of Egyptian petroleum companies in UAE projects and highlighted the expansion of Emirati investments in Egypt's oil and gas sector. Badawi noted that the bilateral cooperation serves as a model for strategic partnerships driven by mutual benefit.

Both parties explored opportunities for expanding the involvement of Egyptian companies, including Enppi and Petrojet, in projects planned by ADNOC for 2026-2028. The discussions also covered Emirati investments in various Egyptian fields, such as the Harmattan field, West Atoll well, Zohr, and North Damietta, to boost domestic natural gas production.

The meeting also addressed expanding exploration activities and increasing the participation of companies like XRG and Arcius in developing Mediterranean blocks and participating in global bid rounds. Additionally, potential collaborations in drilling operations were discussed, with ADNOC Drilling expressing interest in Egypt's five-year drilling program, aiming to enhance rig capacity and apply advanced technologies.

POPULAR POSTS