Minister of Petroleum and Mineral Resources, Karim Badawi, revealed that the announced incentive measures yielded positive results by the end of December 2024 by adding new petroleum products. This will contribute to saving an additional import bill cost of $1.5 billion annually, starting from January 2025.
Minister of Petroleum and Mineral Resources Karim Badawi held a tour visit to the rig vessel Valaris Ds-9 which is searching for natural gas in the North Marakia area in the West Mediterranean, and currently drilling the first exploratory gas well in the area in which ExxonMobil company is investing.
The Prime Minister Mostafa Madbouly expressed his appreciation to several government agencies and ministries including Ministry of Petroleum and Mineral Resources (MoPMR) which responding positively the complaints especially during the current challenges.
The Ministry of Petroleum and Mineral Resources (MoPMR) confirmed that the cooling operations are currently being completed by the work teams of the petroleum geographic area in Mostorod for the part of the Mostorod-Huckstep butane pipeline that caught fire on January 7th in the Khanka city area.
In his speech before the Senate, Minister of Petroleum and Mineral Resources, Karim Badawi, announced resuming Zohr development activities as well as the start of drilling two development wells in January 2025.
The Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of IEOC, ENI’s subsidiary in Egypt, where they discussed the latest developments of its operations in Egypt especially the ongoing preparations to resume drilling operations in the Zohr field and continue with the studies for Nargis field in the MediterraneanSea.
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting to discuss the strategy of Petrojet's operations during the next period and explore the means for local and international expansion.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Albert G. Dole, Cote d’Ivoire Ambassador to Egypt, as they discussed means of bolstering mutual cooperation in oil, gas and mining fields.
The MoPMR achieved outstanding results during the target period of Egypt's First Biennial Transparency Report (end of 2022), exceeding its targets set within the NDCs to reduce emissions. By implementing 23 projects, the MoPMR reduced emissions by 1.36 million tons of carbon dioxide equivalent, surpassing the target of 1.23 million tons.
The Ministry of Petroleum and Mineral Resources (MoPMR) affirmed that Eni’s rig will arrive on time to start drilling operations at Zohr field in January, denying what have been published about the postpone of the arrival due to the unstable weather at the Mediterranean during the winter.
