Pyramid Portal reported on January 28, 2026. Egypt's Minister of Petroleum and Mineral Resources, Badawi, said that the country plans to invest 5.7 billion US dollars in oil well drilling and intends to drill 480 new oil Wells by 2030, among which 101 will be drilled in the Mediterranean coast, the western desert, the Gulf of Suez, the Nile Delta and other places by 2026.
Source: Economic and Commercial Office of the Embassy of the People's Republic of China in the Arab Republic of Egypt
