The meetings come as supply risks linked to the US-Israeli war on Iran continue to unsettle oil and gas markets.
El-Sisi convened with the CEO of Apache Corporation, John Christmann, in the presence of Prime Minister Mostafa Madbouly and Petroleum Minister Karim Badawi. The meeting was also attended by Apache President Stephen Riney and the company's Senior Vice President of International Assets, Greg McDaniel.
Talks with Apache, which Badawi noted is the largest American investor in Egypt, focused on increasing exploration and production activity, particularly in the Western Desert, and improving output from existing fields.
Apache has invested about $5 billion in Egypt since 2021, according to the presidency, and is planning further spending in adjacent concession areas to maximize the use of existing infrastructure.
Chief executive John Christmann said the company aimed to expand its operations in Egypt, where it has been active for nearly three decades.
Officials said Khalda Petroleum, a joint venture involving Apache, had delivered production gains that could support further exploration in the Western Desert.
Separately, El-Sisi met ExxonMobil executives—Vice President of Global Exploration John Ardill and Vice President of LNG Peter Clarke—to review offshore exploration plans in the Mediterranean.
The company, working with QatarEnergy, is accelerating activity in the Cairo and Masry concession areas and plans to begin drilling an exploratory well later this year to identify significant natural gas resources that could support the Egyptian economy.
Additionally, Ardill reviewed plans regarding major discoveries in the Glaucus and Pegasus fields in the adjacent Cypriot Block 10, exploring innovative concepts to develop production and transport the gas to Egypt for liquefaction, benefiting Cyprus, Egypt, and investors alike.
Ardill explained that ExxonMobil is also assessing development options linked to gas discoveries in Cyprus’s Block 10, including the Glaucus and Pegasus fields, to transport gas to Egypt for liquefaction.
The discussions reflect Egypt’s efforts to position itself as a regional energy hub by expanding exploration, attracting foreign investment, and strengthening ties with international oil companies.
The government has also moved to reassure investors, with El-Sisi reiterating a commitment to settle outstanding arrears owed to foreign energy companies in the coming months.
Egypt is seeking to boost gas output and secure new discoveries as geopolitical tensions heighten concerns over energy security and supply chains.
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