Prime Minister Mostafa Madbouly has held a meeting with several ministers including the Karim Badawi, the Minister of Petroleum and Mineral Resources to follow up on the efforts of providing the needs of the electricity sector to be ready for the next summer.
Minister of Petroleum and Mineral Resources Karim Badawi met with Olivia Toderean, Romania's Ambassador to Egypt; Horatiu Sebastian Calugar, General Manager of CIS GAZ; and the accompanying delegation.
Ezz El Regal stated that these projects will solidify the company's leadership in the nitrogen fertilizer sector. By adopting green technologies, the company aims to enhance energy efficiency, reduce emissions, and increase the competitiveness of its products in the global market through low-carbon solutions.
Prime Minister Mostafa Madbouly participated in the inauguration ceremony of the "Abydos 1 Solar Power Plant" in the Kom Ombo Desert in Aswan Governorate.
Karim Badawi, the Minister of Petroleum and Mineral Resources along with Herro Mustafa Garg and Sameh Aboul-Enein, Assistant Foreign Minister for US Affairs have witnessed the signing ceremony of a grant agreement given by the US Trade and Development Agency (USTDA) amounted to $ 959,006, in favor of the Egyptian General Petroleum Corporation (EGPC) to prepare a roadmap to reduce methane emissions in the Egyptian petroleum sector through the global consultant (Global S&P).
The project will focus on enhancing the mooring systems at selected reefs in the Red Sea to provide a safer, more sustainable anchoring solution.
The New Valley Company for Mineral Resources and Oil Clay (Wadico) and the Orman Association signed a cooperation protocol was signed for the development project of Al Tonab Village in Edfu in Aswan Governorate.
Dana Gas Company announced that it has received about $20 million payment from the Egyptian Government. This amount takes the funds received in Egypt in Q4 2024 to $24.5 million.
Methanex Egypt, in partnership with the International Labor Organization (ILO), hosted the third round of the Rowad Domiat competition under their “Together to Develop Damietta's Youth” project. The event saw 25 innovative green projects that fall under three categories: Agri-businesses, social businesses, and green technology projects. The competition culminated with nine outstanding ventures recognized with awards for Best Startup and Best Existing Business.
The Cabinet, headed by Prime Minister Mostafa Madbouly, approved, on December 11th, two draft oil and gas commitment agreements with the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and a number of international companies.
