On the sidelines of Baker Hughes annual meeting, held in Florence, Italy, under the theme “The Energy Equation”,  Minister of Petroleum and Mineral Resources, Karim Badawi, met  Baker Hughes CEO Lorenzo Simonelli to accelerate cooperation across new and existing energy sectors. The talks focused on fast-tracking previously agreed areas of collaboration following the completion of ongoing technical studies. Progress was reviewed on natural gas storage projects with the Egyptian Natural Gas Holding Company (EGAS) and geothermal energy development with South Valley Egyptian Petroleum Holding Company (Ganope).

For the first time, the two sides discussed cooperation in the mining sector, outlining how Baker Hughes’ advanced technologies could support Egypt’s growing mining industry. The company reaffirmed its commitment to working with the Mineral Resources and Mining Industries Authority (MRMIA), discussed a timeline for deploying advanced mining technologies in Egypt, and explored potential collaboration in strategic and rare minerals.

The meeting also highlighted expanding the use of Baker Hughes’ advanced technologies in petroleum exploration and production, cooperation on reducing carbon and methane emissions, improving energy efficiency, and strengthening human capital through training programs and technical workshops to support sustainable growth and technology transfer.

During the same event, Badawi held talks with Hinda Gharbi, CEO of Bureau Veritas, the global provider of quality management, process safety and environmental protection services. Discussions focused on quality assurance and control, conformity certification, risk analysis, asset integrity monitoring, cost optimization, and the integration of advanced digital solutions for monitoring and data management, to improve project efficiency and extend the operational life of producing fields.

The Baker Hughes Annual Meeting is a high-level corporate gathering that brings together the company’s global leadership, senior executives, technology heads, and key partners from governments and the energy industry. The event typically serves as a platform to review the company’s strategic priorities, showcase new technologies and digital solutions, and discuss trends shaping the global energy landscape, including energy security, decarbonization, and the energy transition.