Karim Badawi, Minister of Petroleum and Mineral Resources; Herro Mustafa Garg, U.S. Ambassador to Cairo; and Ambassador Dr. Sameh Abu El-Enein, Assistant Minister of Foreign Affairs for American Affairs, attended the signing ceremony of a grant agreement provided by the U.S. Trade and Development Agency (USTDA). The grant, valued at $959,006, will be allocated to the Egyptian General Petroleum Corporation (EGPC)  to develop a roadmap for reducing methane emissions in Egypt’s petroleum sector, in collaboration with the global consultancy firm S&P Global.

The agreement was signed by Salah Abdel Kerim, the Chairman of EGPC and Enoh Ebong, Director of USTDA. 

Following the signing ceremony, Badawi emphasized that the agreement reflects the cooperative and integrated efforts of various Egyptian ministries under the leadership of Prime Minister Dr. Mostafa Madbouly. He highlighted the strategic importance of this partnership between Egypt and the United States, which builds on decades of collaboration across multiple fields.

He further stated that the agreement underscores the critical importance of addressing methane emissions in the petroleum sector, supporting Egypt’s commitment to achieving net-zero and reducing carbon emissions. Badawi noted that while fossil fuels will continue to play a role in the global energy mix, it is imperative to minimize their environmental impact and ensure safe and sustainable energy delivery for all.