Cheiron has signed with the Egyptian General Petroleum Corporation (EGPC) an agreement for oil exploration and production in the East Gemsa offshore area in the Gulf of Suez. The deal, which covers the drilling of four new wells, involves overall investments exceeding $30 million, in addition to a $1 million signature bonus.
The Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of the first Sustainable Aviation Fuel (SAF) production license agreement, considering a major step toward advancing low-carbon energy. The deal was between the Egyptian Petrochemicals Holding Company—through its subsidiary, the Egyptian Sustainable Aviation Fuel Company (ESAF)—and Honeywell UOP, one of the pioneering global developers of SAF technology.
Infinity Power, Africa’s largest renewable energy provider, has signed an Engineering, Procurement, and Construction (EPC) contract with POWERCHINA Huadong Engineering Corporation Limited (HDEC), laying the ground for its 200 megawatt (MW) Ras Ghareb Wind Project in the Gulf of Suez region. Once complete, the 200 MW wind farm is expected to provide clean electricity to more than 300,000 homes and save over 400,000 tons per year (t/y) of carbon dioxide.
Egypt advanced talks with the European Bank for Reconstruction and Development (EBRD) on financing an upcoming airborne geophysical survey and explored new financing avenues for mining projects during Minister of Petroleum and Mineral Resources Karim Badawi's visit to London. Badawi led the Egyptian-British business delegation as part of the Ministry's strategy to reduce investment risks and attract new partners, as per the ministry's statement.
Karim Badawi, Minister of Petroleum and Mineral Resources, met four international mining executives during his London visit. The Minister reviewed development plans, progress, and reforms designed to create an attractive investment environment for Egypt's mining sector, according to the ministry's statement.
Egypt is seeking partnerships with investors and financial institutions to unlock its untapped mineral wealth and boost the sector's contribution to the national economy, said Minister of Petroleum and Mineral Resources Karim Badawi during the Egyptian-British business mission to London.The visit began with a session titled “Untapped Mining Opportunities and New Commercial Discoveries,” that gathered representatives of around 30 European mining companies, banks, financial institutions, and advisory firms.
During an official visit to London as the head of the Egypt‑UK business mission for mining, Minister of Petroleum and Mineral Resources Karim Badawi held talks with Hoda Mansour, Managing Director and Vice Chairwoman of Sukari Gold Mines Company, representing global mining major AngloGold Ashanti.
Egypt and Nigeria are exploring closer cooperation in the mining sector as part of their expanding bilateral partnership. During a meeting held on the sidelines of the Egypt‑United Kingdom (UK) Business Mission’s visit to London, Minister of Petroleum and Mineral Resources Karim Badawi discussed mining collaboration with Nigerian Minister of Solid Minerals Development Henry Dele Alake, as mentioned in the ministry's statement
PETROJET secures $273M contract for 193-kilometer natural gas pipeline in Oman as Egyptian energy firms expand cooperation on hydrogen and renewables. The contract was announced during a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Mansoor Ali Al-Abdali, Managing Director of OQ Gas Networks (OQGN), reinforcing growing cooperation on natural gas infrastructure projects between Egyptian and Omani partners.
On the sidelines of the Oman Green Hydrogen Summit 2025, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings aimed at strengthening the presence of Egyptian petroleum companies in Oman and expanding bilateral cooperation in green energy and major infrastructure projects.
Badawi Holds Meetings in Oman to Expand Green Energy, Infrastructure Cooperation
