Minister of Petroleum and Mineral Resources Karim Badawi met with the CEO of Capricorn Energy Randy Neely and the company’s Managing Director in Egypt Eleanor Rowley in New Alamein City where they discussed the status of the company’s current and future work in Egypt.

They also discussed ways of cooperation to increase production of oil and gas from the company’s concession areas in the Western Desert. This aligns within the framework of the Ministry’s vision, which is centered around several key axes, primarily increasing the production of crude oil and gas, reducing production costs, and enhancing the role of modern technology in maximizing and increasing production while reducing carbon emissions.

Badawi underscored the ministry’s unwavering support to all investment partners as well as addressing any challenges that may arise and fostering new investment opportunities in research and exploration.

Additionally, he emphasized the importance of maintaining a safe and healthy work environment through strict adherence to occupational safety and health regulations.

During the meeting, Capricorn’s strategic priorities in Egypt were outlined, which include enhancing the performance and operational activities of its assets as well as exploiting its technical capabilities by identifying potential opportunities for the development of oil and gas resources in cooperation with the Egyptian General Petroleum Corporation (EGPC).