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General Petroleum to invest $4.5B in 2025–2026
The Egyptian General Petroleum Corporation announced investments of $4.5 billion in the exploration and production sector during the fiscal year 2025-2026, as part of its efforts to restore production rates and secure the local market for petroleum products. Emphasis was placed on settling outstanding payments to investment partners, which has helped boost confidence and stimulate new investments. Additionally, there has been a focus on improving refinery efficiency and increasing production capacity through development and expansion projects, including the Diesel Production Complex. Efforts in digital development and enhancing safety and environmental systems have also strengthened supply chain resilience. Furthermore, 8 new agreements have been signed for oil and gas exploration, resulting in 63 new hydrocarbon discoveries. These initiatives reflect a strategic vision to achieve self-sufficiency and elevate Egypt’s regional and international presence in the oil and gas sector.
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