Egypt’s Minister of Petroleum and Mineral Assets, Karim Badawi, met with senior leaders from US oil main Chevron in Washington to speed up the technical and industrial agreements required to hyperlink Cyprus’ Aphrodite gasoline discipline to Egyptian infrastructure. The assembly established a roadmap for additional negotiations, with all challenge events set to convene in Cairo by the top of March 2026, in response to an announcement by the Ministry of Petroleum and Mineral Assets (MoPMR).
The discussions targeted on finalizing the framework for transporting gasoline from the Aphrodite discipline to Egypt’s processing services. Badawi emphasised that leveraging Egypt’s established infrastructure is essentially the most environment friendly path to convey Cypriot gasoline to market, guaranteeing mutual financial advantages for Egypt, Cyprus, and the investing companions.
In April 2025, Chevron was reported to begin its seabed survey operations in early summer time, adhering to the timetable for the development of a strategic pipeline that can join the Aphrodite gasoline discipline within the Japanese Mediterranean to Egypt, in response to an announcement by the federal government of Cyprus.
This comes after Egypt signed a memorandum of understanding (MoU) with Cyprus and Chevron throughout EGYPES 2025 in Cairo. The settlement lays the muse for the industrial use of pure gasoline from the Aphrodite discipline in Block 12 of Cyprus’ Unique Financial Zone (EEZ).
Throughout the go to, Badawi additional held a gathering with US Secretary of Vitality Chris Wright, within the presence of the Egyptian Ambassador to Washington, Motaz Zahran, and delegations from each international locations.
Either side affirmed the depth of the long-standing and established Egyptian-American relations, stressing the significance of deepening vitality cooperation by way of ongoing discussions. These talks give attention to attracting American funding, increasing areas of collaboration, and supporting efforts to make sure vitality safety.
In the meantime, the Center East Institute (MEI) in Washington hosted Badawi for an intensive roundtable dialogue. Within the presence of a distinguished group of Center East consultants and specialists, the session highlighted Egypt’s pivotal function as a regional hub for vitality commerce and transit.
Badawi additional emphasised Egypt’s dedication to strengthening regional partnerships and the implementation of pure gasoline interconnection tasks with Cyprus. He famous that Egypt’s infrastructure is prepared and able to transporting Cypriot gasoline provides to Europe as soon as manufacturing tasks from the Cypriot fields are accomplished.
The minister highlighted that, because of stability and long-term imaginative and prescient, Egypt has succeeded in creating a lovely funding atmosphere within the vitality and mining sectors. This was achieved by way of legislative reforms, funding incentives, and world-class infrastructure.
