Egypt and Saudi Arabia sign petroleum cooperation memorandum
The memorandum covers oil, natural gas, petrochemicals and petroleum-product trading and transport, but sets out no investment value.
Event / data period: 2026-10-11
Published: · Updated:
Egypt and Saudi Arabia signed a memorandum of understanding to strengthen cooperation in oil, natural gas and their derivatives. Egypt’s Ministry of Petroleum and Mineral Resources said the signing took place at the close of the 17th International Energy Forum ministerial meeting in Riyadh. Egypt’s Petroleum Minister Karim Badawi and Saudi Energy Minister Prince Abdulaziz bin Salman signed the document.
The memorandum covers trading, exchanging, transporting, storing and distributing crude oil, petroleum products and natural gas, together with supporting infrastructure and logistics. It also addresses fuel-station operations, the transport and tracking of petroleum products and LPG cylinders, petrochemicals, potential investment in joint projects and exports. The ministry’s announcement gave no investment value, project timetable or binding production target.
Data
Cooperation areas in the memorandum
Areas listed in the Egypt Ministry of Petroleum announcement dated October 11.
| Petroleum and natural gas | Trade, exchange, transport, storage and distribution |
| Infrastructure and logistics | Facilities and services supporting petroleum and gas flows |
| Downstream and petrochemicals | Fuel stations, product and LPG-cylinder tracking, petrochemicals |
| Joint activity | Explore investment opportunities in joint projects and promote exports |
Methodology
The table summarizes areas explicitly listed in the announcement; it adds no undisclosed investment or project value.
Updated:
Subjects and places
Subject proposals
- Natural gasSuggested
- Subject suggested from the title or summary: natural gaswww.petroleum.gov.eg ↗
- TransportSuggested
- Subject suggested from the title or summary: transportwww.petroleum.gov.eg ↗
Geographic references
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- Egypt · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.petroleum.gov.eg ↗