Minister of Petroleum and Mineral Resources Karim Badawi announced resuming Zohr development activities as well as the start of drilling two development wells in January 2025.

Badawi also announced launching the Mineral Resources Digital Portal, as well as offering new areas for mining during 2025 to attract more investments in these blocks so as to bolster the national economy.

These statements were delivered in the Minister’s speech in the Senate general session, headed by Abdel Wahab Abdel Razak, with the attendance of Mahmoud Fawzy, Minister of Parliamentary and Legal Affairs and Political Communication, along with the Petroleum and Mineral Resources Sectors’ leaders.

Badawi highlighted that the ministry’s team has developed a strategy focused on building upon recent achievements while aligning with current demands. He noted that this strategy encompasses six key pillars aimed at meeting citizens’ petroleum product needs at the lowest possible cost.

This is achieved by increasing production, intensifying drilling and exploration programs, exploiting the infrastructure and capacities in the refining and petrochemicals sector, and creating a qualitative shift in the mineral wealth sector to increase its contribution to the domestic product.

The strategy is based on intensive integrated work between the Ministry, government institutions and ministries, parliamentary councils, representatives and senators, and investment partners in the field of production.

The Minister added that the Mining Sector modernization strategy is currently being implemented to increase the investments in the Sector, as well as maximizing the mineral ores value added, through legislative and legal reforms, along with developing the agreements model to cope with the world mineral industry, regulating the fiscal and licensing system, in addition to the organizational structure advancement to transform EMRA into an Economic Authority.