Egypt, World Bank Align on Decarbonization Under GFMR Framework

Egypt, World Bank Align on Decarbonization Under GFMR Framework

Mahmoud Nagy, Undersecretary for health, safety, and environment (HSE), Energy Efficiency, and Climate, and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), met with the World Bank mission representatives responsible for the Global Flaring and Methane Reduction Partnership Program (GFMR), together with the Ministry’s environmental affairs team.

The meeting took place as part of the mission’s June visit to Egypt to follow up on the preliminary assessment of flaring and methane emission reduction (FMR) projects. The project covers four main activities: flare gas recovery projects, measurement of flare volumes, development of a program to monitor and repair methane leaks, and vapor recovery from crude oil tanks.

This comes as part of implementing the safety and environment pillar of the MoPMR strategy, and in line with the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, to strengthen cooperation with development partners to reduce carbon emissions.

The meeting was an extension of a specialized workshop organized by the Ministry, in cooperation with the World Bank and the Ministry’s Center of Excellence for Energy Transition, to discuss proposed projects under the GFMR program. The workshop was attended by representatives of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), several sector companies, and Carbon Limits, the consultancy appointed by the World Bank.

The Ministry and the World Bank affirmed that this cooperation represents a fundamental pillar for implementing carbon and methane emission reduction projects, in line with global trends and supporting the achievement of sustainability and energy security goals.

GFMR is a multi‑donor trust fund backed by governments, energy companies, and multilateral organizations committed to ending routine gas flaring and curbing methane emissions in the oil and gas sector. To accelerate progress in developing countries, GFMR provides programmatic support to governments and state‑owned enterprises. This includes catalytic grant funding, technical assistance, advisory services on policy and regulatory reforms, institutional capacity building, and mobilizing finance to jump‑start and scale up flaring and methane reduction solutions.

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Sarah Samir 4258 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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