February 2nd News — According to a report by Pyramid Portal on January 28, 2026, Egyptian Minister of Petroleum and Mineral Resources Badawi announced plans to invest $5.7 billion in oil well drilling. The initiative aims to drill 480 new oil wells by 2030, with 101 wells scheduled for drilling in 2026 in areas such as the Mediterranean coast, the Western Desert, the Gulf of Suez, and the Nile Delta. Chempricehub Analysis: Polyaluminum Chloride, Bull-Bear Score: 1.5 Egypt's plan to invest $5.7 billion in drilling 101 new oil wells will increase oil exploration activities, boosting demand for polyaluminum chloride in drilling fluid treatment and wastewater management. This is expected to drive up spot prices. While demand growth is clear, its impact will be gradual, representing a strong positive factor. Polyacrylamide, Bull-Bear Score: 1.5 The expansion of oil well drilling will increase the application of polyacrylamide in the petroleum industry, such as enhancing oil recovery and stabilizing drilling fluids. Rising demand will benefit spot prices. The investment plan provides sustained demand support, though it is not a sudden major event, reflecting a strong positive outlook in the score.