Minister of Petroleum and Mineral Resources, Karim Badawi, highlighted the importance of accelerating development operations and placing the discovered sites on the production map with the aim of increasing local production rates to reduce pressure on the import bill.
The French Ambassador to Egypt Éric Chevallier has praised the climate investment developed in Egypt, stressing that the French companies are interested in boosting their investments in the country.
Prime Minister Mostafa Madbouly has held a meeting to follow up on the procedures and steps to increase the production volume of petroleum products, as well as what is related to providing the necessary financial allocations for the oil and gas sector, to provide petroleum products during the coming period.
According to the Cabinet, the Ministry of Petroleum and Mineral Resources (MoPMR) is one of the ministries who has recorded achievements both quantitatively and qualitatively in dealing with and addressing the causes of complaints and responding to them.
Minister of Petroleum and Mineral Resources Karim Badawi has met with Hani Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and the Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), and his accompanying delegation.
Minister of Petroleum and Mineral Resources Karim Badawi has met with a delegation from Mubadala Energy headed by its CEO Mansoor Mohamed Al Hamed to discuss potential opportunities for boosting cooperation.
Egyptian General Petroleum Corporation (EGPC) Chairman Alaa El Batal, accompanied by his Deputy for Refining and Chemical Manufacturing, Mohamed Ali, has conducted a field visit to the Alexandria National Refining and Petrochemicals Company (ANRPC).
Minister of Petroleum and Mineral Resources, Karim Badawi, highlighted the need to support investment in oil and gas exploration in Egypt's onshore and offshore areas, especially in the Western Desert. The minister further pointed out the necessity to support efforts and measures aimed at accelerating the increase in natural gas production, and maximizing the benefit from advanced technology by all means to improve production and overcome challenges.
Minister of Petroleum and Mineral Resources Karim Badawi has announced that the oil and gas sector is working on preparing new investment opportunities and that the discussions being held on these opportunities contribute to increasing their attractiveness.
According to the Joint Declaration of the First Meeting of the High-Level Strategic Cooperation Council between Turkey and Egypt, both parties have welcomed the signing of memoranda of understanding (MoUs) in the fields of energy, finance, environment, construction, and health.
