Petroleum Minister: Egypt’s crude oil production reaches highest level in two years

Petroleum Minister Karim Badawi announced Saturday, July 25, 2026, that Egypt’s crude oil production hit its highest level in nearly two years, driven by settling partner dues to boost local output. Inspecting Alexandria Petroleum Company refinery projects, Badawi explained that increased production and refinery supply fueled a 2026 refining boom. Operating rates rose to 80%, meeting …