Egyptian President Abdel Fattah Al-Sisi urged U.S. President Donald Trump to intervene decisively to end the Middle East war at the opening of Egypt Energy Show (EGYPES 2026) in Cairo. He warned of severe global economic fallout, particularly rising prices for energy, fuel, fertilisers, and agricultural commodities burdening developing countries. Al-Sisi reaffirmed Egypt’s commitment to settling outstanding payments to international energy companies by June 2026.
Egyptian President Abdel Fattah Al-Sisi spoke at the opening of Egypt Energy Show (EGYPES 2026) in Cairo on Monday, stressing that U.S. President Donald Trump is uniquely positioned to end the ongoing Middle East war. He described the current crisis as one of the most significant disruptions to the energy sector in modern history, citing supply shortages, price volatility, and pressure on global supply chains.
Al-Sisi called for intensified international efforts through political and diplomatic channels to halt the prolonged fighting, warning it would further destabilise the region and exacerbate worldwide economic challenges. The event was attended by Cyprus President Nikos Christodoulides and senior executives from major global energy companies.
Petroleum Minister Karim Badawi announced arrears owed to foreign partners have been reduced from $6.1bn in July 2024 to around $1.3bn currently, targeting full settlement by end of June. The sector recorded 83 new oil and gas discoveries, added 363 wells to production, with $6.5bn investments in the 2024/2025 fiscal year.
Egypt and Cyprus signed a framework agreement on natural gas cooperation, linking Cypriot Cronos and Aphrodite fields to Egypt’s Idku and Damietta liquefaction facilities. Badawi highlighted Egypt’s integrated strategy to boost production and investments, leveraging its geographic location and leading urea production exceeding 7.6 million tonnes annually.