Against the backdrop of continuously deepening regional energy cooperation, Egypt continues to unleash the potential for high-quality energy investment, relying on abundant oil and gas resources and a stable business environment to attract Gulf capital to invest deeply. In order to further activate local oil and gas resources and expand the opening up of the energy sector to the outside world, the Egyptian government has taken the initiative to connect with top energy companies in the United Arab Emirates, opening up a new round of in-depth cooperation negotiations and injecting new momentum into the mutually beneficial and win-win development of energy between the two places.

Egyptian Minister of Petroleum and Mineral Resources Badawi met with executives from ENOC and Dragon Oil to discuss increasing investment cooperation in the Egyptian petroleum industry. The official stated that this meeting highlights the stability and credibility of the Egyptian economy, which can boost foreign confidence and optimize the local investment and business environment. Badawi fully recognizes the effectiveness of the UAE Dragon Oil's landing project in Egypt and acknowledges the company's continued willingness to increase capital. He proposed that both sides should unify their development ideas, formulate clear implementation plans, focus on exploring the cooperation space of aviation fuel supply, enhance the comprehensive benefits of the industry, and ensure the common benefits of both parties. Keywords: Egypt, United Arab Emirates, Oil

GUPCO, a subsidiary of Longfor Petroleum, has partnered with EGPC to utilize new technologies and artificial intelligence to optimize oil field extraction, increase production, and expand investment channels in the local area. New exploration wells in the region will be put into operation in April 2026, with a daily output of 2500 barrels of crude oil and 3 million cubic feet of natural gas; In May 2026, the President of Egypt issued a decree allowing two companies to conduct oil and gas exploration and development in the East Al Hamd area of the Gulf of Suez.Editor/Gong Ziwei