Badawi Unveils Key Petroleum Sector Milestones and Ambitious Plans for 2025
Minister of Petroleum and Mineral Resources Karim Badawi announced that the petroleum sector is currently producing 1.4 million barrels of oil equivalent per day (mmboe/d).
Minister of Petroleum and Mineral Resources Karim Badawi announced that the petroleum sector is currently producing 1.4 million barrels of oil equivalent per day (mmboe/d).
Prime Minister Mostafa Madbouly witnessed the signing ceremony of 4 new memoranda of understanding (MoUs) with the aim of studying and researching the possibility of exploring, producing and developing oil and natural gas fields.
Prime Minister Mostafa Madbouly met with members of the Unified Government Complaints System at the Cabinet, in the presence of Osama Saad, Secretary-General of the Cabinet, and Tarek El Refai, Director of the System.
As part of MOC 2024, a panel discussion held under the title “Empowering People: Building the Next Tier of Leaders While Ensuring Diversity and Inclusion” aiming to shed light on the trends of diversity in the working environment between men and women in the energy sector, and women’s place in leadership and decision-making.
In the closing day of the Mediterranean Offshore Conference (MOC 2024), which was held in Alexandria for three days, a session was held on "Employing Digital Capabilities to Accelerate the Development of Energy Resources". The session highlighted the importance of digital transformation in all petroleum activities for its significant role in data analyzation, to speed up decision-making.
On the second day of the Mediterranean Offshore Conference (MOC 2024), a panel session titled “Integrated Reservoir Management Simulation and Technology-Driven Optimization for Enhanced Production” was held. During the session, Salah Abdel Karim, CEO of the Egyptian General Petroleum Corporation (EGPC), highlighted the potential of Egypt’s reservoirs and liquefied natural gas (LNG) plants, emphasizing the opportunity to apply integrated reservoir management simulation to boost production.
Minister of Petroleum and Mineral Resources Karim Badawi, George Papanastasiou, Cypriot Minister of Energy; and Polly Loannou, Cyprus Ambassador to Egypt, visited Natural Gas production facilities and the Liquified Natural Gas Complex in Idku on the Mediterranean coast.
Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss key issues in the petroleum sector, including efforts to expand investments, updates on incentive packages provided by the Ministry of Petroleum and Mineral Resources (MoPMR), and the supply of petroleum products to local markets.
Minister of Petroleum and Mineral Resources Karim Badawi accompanied by Ahmed Khaled Hassan Saeed, Governor of Alexandria, and leaders of the oil and gas sector, inaugurated the development and rehabilitation project of 60 homes in Al-Rawda 45 village and Al-Wafaa Wal-Amal village in Al-Amriya area of Alexandria.
The Ministry of Petroleum and Mineral Resources' First Undersecretary for Energy Efficiency and Climate & Safety Alaa El Batal participated in activities of the Mediterranean Countries Conference (MOC 2024) through the panel session titled 'Innovations in the Energy Sector Driving Safety and Sustainable Growth'.