Minister of Petroleum and Mineral Resources Karim Badawi met with Dong Sub Kim, CEO and President of the Korea National Oil Corporation (KNOC), and his accompanying delegation to explore investment opportunities and potential areas of cooperation in Egypt’s petroleum sector.

The meeting highlighted KNOC’s keen interest in expanding its investments in Egypt’s oil and gas sector, particularly in four areas in the Gulf of Suez and the Western Desert. These investments are being carried out via Dana Petroleum Ltd. and the Petro Nefertiti joint venture.

During the meeting, Badawi noted that Egypt’s petroleum sector possesses the capabilities and expertise necessary for executing large-scale projects.

For his part, Dong Sub Kim said that the strong ties between the two countries open broad prospects for fruitful cooperation. He emphasized that Korea sees  Egypt as a promising candidate to become a starting point for the Company’s operations in the region.

The meeting also explored opportunities for knowledge exchange,  with the Korean side providing capacity-building training programs for Egyptian personnel in the petroleum sector.