Minister of Petroleum and Mineral Resources Karim Badawi emphasized that workforce development is pivotal to the petroleum sector’s success and urged continued prioritization of occupational health and safety in the sector.
The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement.
The positive impact of investments in new discoveries and in the development of production fields is expected to appear during the upcoming period.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance.
The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the company’s fiscal year results in 2024.
Minister of Petroleum and Mineral Resources Karim Badawi emphasized the sector's commitment to providing excellent civil services to citizens, most notably the provision of natural gas to homes.
The Petroleum Projects & Technical Consultations Company’s (PETROJET) Chairman Waleed Lotfy reviewed the most important activities and business results during 2024 for the company, which this year marks the 50th anniversary of its establishment in 1975, explaining that the company's work comes as a translation of the pillars of its strategic plan 2022/26.
Egypt is actively seeking investors to tap into the significant potential of its undeveloped hydrocarbon discoveries in the Mediterranean Sea. Through the Egypt Upstream Gateway (EUG), the government has highlighted a cluster of promising assets, identified as Cluster 1 (Rahamat-Aten-Meret), presenting a compelling opportunity for those seeking high-impact investments in the energy sector.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr Natural Gas Company to review its fiscal year results for 2024.
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