Minister of Petroleum and Mineral Resources Karim Badawi received the British Ambassador to Egypt Gareth Bayley and the accompanying delegation, at the Ministry of Petroleum and Mineral Resources’ headquarters in the government district in the New Administrative Capital.
Minister of Petroleum and Mineral Resources, Karim Badawi, issued a movement of assignments and transfers across the oil and gas sector with the aim of supporting petroleum sites with the necessary competencies to achieve future goals and exchange the necessary expertise.
Salah Abdel Kerim, the Chairman of the Egyptian General Petroleum Corporation (EGPC) headed the weekly meeting of the Energy Transition Committee in which they discussed the executive steps to maximize the benefit from the available opportunities to transition from fossil fuels to new and renewable energy sources, in addition to other pillars of sustainable energy transition such as the exploitation of flare gas.
The Ministry of Petroleum and Mineral Resources (MoPMR) has made great strides in resolving citizen complaints and delivering excellent levels of customer service.Â
A banking alliance led by Banque du Caire, in partnership with Arab International Bank (AIB), Al Baraka Bank Egypt, and SAIBANK, has successfully arranged and covered syndicated financing of $75 million for Cheiron Egypt Delta Limited, a subsidiary of the Cheiron Group specializing in oil and gas extraction.
During his visit to the Zohr natural gas field site north of Port Said, Prime Minister Mostafa Madbouly inspected the "Saipem 10000" drilling rig, accompanied by Minister of Petroleum and Mineral Resources Karim Badawi. Madbouly and Badawi were welcomed by Francesco Gasparri, the General Manager of Eni, and Martina Opizzi, Head of Eni's North Africa and Levant Region.
United Energy Group Limited (UEG) and Apex International Energy L.P. (Apex) are thrilled to announce the signing of a sale and purchase agreement under which Apex’s upstream oil and gas exploration and production operations in Egypt will be acquired by United Energy (MENA) Limited as the buyer, with Kuwait Energy Plc as the guarantor. Both the buyer and the guarantor are wholly-owned subsidiaries of Hong Kong-based UEG. Under the terms of the agreement, United Energy (MENA) Limited has conditionally agreed to acquire the entire issued share capital of Apex International Energy Holdings I, the company which holds Apex’s Egyptian business.
In a bid to explore challenges and production solutions in the oil and gas sector, the Egypt Oil & Gas (EOG) Committee's Task Force leaders gathered on Tuesday, February 4 to review the latest achievements in the sector and set strategic plans for 2025.
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Alberto Calderon, CEO of AngloGold Ashanti reviewing the latest developments of the exploitation agreement the two parties had previously agreed upon, on the sidelines of their participation in the BEBA delegation.
Mark Bristow, the President of Barrick Gold Investments, praised the efforts to develop Egypt’s mining sector, highlighting the company's interest in acquiring new concession areas in Egypt and expanding its assets.
