On the sidelines of his visit to the UK, Karim Badawi Minister of Petroleum and Mineral Resources, held a meeting with the Carlyle Group, where they discussed the company’s plans for investing in Egypt and expanding its field’s exploration and development activities.
The Egyptian Natural Gas Holding Company (EGAS) signed an agreement on December 5th, with the US-based company New Fortress Energy to lease the second Floating Storage and Regasification Unit (FSRU) for the local market. The unit will receive, store, regasify, and deliver liquefied natural gas (LNG) to the national gas grid.
In the frame of his visit to the United Kingdom, the Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with officials from Shard Capital and Alqahtani Holding Company, reviewing the latest developments of the petrochemical project being implemented in the New Alamein.
ExxonMobil officials announced that the company will start drilling new exploratory well for natural gas in the West Mediterranean area during the middle of December.
On the sidelines of his participation in BEBA, the Minister of Petroleum and Mineral Resources karim Badawi held a meeting with Khalid Al-Mudaifer, the Vice-Minister for Mining Affairs of Saudi Arabia's Ministry of Industry and Mineral Resources and the CEO of Maaden Company, during which Saudi side show a great desire to establish a partnership with the Egyptian side in the mining sector.
The meeting witnessed the initialing of the framework agreement, which allows Barrick Gold to invest in Egypt by obtaining concession areas to exploit gold upon completing all necessary approvals and procedures under the provisions of the law.
The Minister of Petroleum and Mineral Resources Karim Badawi witnessed signing of the draft agreement with the initial letters for the gold exploration, during his meeting with the AngloGold Ashanti Company’s officials on the sidelines of BEBA event.
The Ministry of Petroleum and Mineral Resources (MoPMR) and Aton Resources Inc. signed a letter of intent (LOI) to study amending the concession agreement issued to the company to allow it to increase its investments within the concession areas, which maximizes the return to Egypt.
The Minister of Petroleum and Mineral Resources Karim Badawi has issued a decision to assign six graduates from the young and middle management program to take over the assistants’ tasks for the leaders and chairman of Egyptian Mineral Resources Authority (EMRA).
The Chairman of Petromaint Company Ibrahim Motawea has received ISO-26000 Certification for social responsibility by TUV company.
