News / Egypt

Egypt Targets 10mt/y of Green Hydrogen with New Investment Push

Egypt is currently developing incentive packages for investment in green hydrogen projects, positioning the country to play a pivotal role in the global hydrogen economy. The aim is to target around 8% of the global hydrogen market, with an estimated production of 10 million tons per year (t/y) in the coming decades. Minister of Petroleum and Mineral Resources Karim Badawi stated that during the opening ministerial session of the 4th Oman Green Hydrogen Summit.

Cabinet Affirms Commitment to Strategic Petroleum Reserves, Timely Payments to IOCs

Prime Minister Mostafa Madbouly held a meeting to review the availability of petroleum products' strategic reserves and payments to foreign partners in the petroleum sector. The meeting was attended by Hassan Abdallah, Governor of the Central Bank; Ahmed Kouchouk, Minister of Finance; and Karim Badawi, Minister of Petroleum and Mineral Resources.

Australian Investors Bet on Egypt’s Mining Potential

Egypt’s mining sector is attracting renewed investor attention due to the untapped potential, growing infrastructure, and regulatory reforms, according to a number of Australian company heads hosted by Petrocast, the podcast of the Ministry of Petroleum and Mineral Resources (MoPMR). The episode was recorded during Karim Badawi , Minister of Petroleum and Mineral Resources’s visit to Western Australia.

Madbouly, AngloGold Discuss Plans to Increase Sukari Mine Output

Mostafa Madbouly, Prime Minister, reviewed operational developments at the Sukari gold mine in a meeting with AngloGold Ashanti, operator of the mine. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, Hoda Mansour, Managing Director and Vice Chairman of Sukari Gold Mines, Terry Strong, Senior Vice President of AngloGold Ashanti Africa, and Ambassador Baso Sangqu, Senior Vice President for Sustainability and Government Relations at AngloGold Ashanti Africa.

Badawi Honors EUG’s Mohannad Atef for Winning Best Global AI Agent Award

The Minister of Petroleum and Mineral Resources, Karim Badawi, honored Mohannad Atef, one of the Egypt Upstream Gateway (EUG) team, for receiving the Best AI Agent Award at the International Geomechanics Conference held in the Saudi Arabia. The recognition is due to his achievement among 425 participants from around the world.

Sonatrach, Petrojet Discuss Manufacturing Partnership

The Petroleum Projects and Technical Consulting Company (PETROJET) hosted a delegation from Algeria's Sonatrach led by Nour Eddine Daoudi, Chairman and Chief Executive Officer (CEO) of the company. This visit is part of the efforts to strengthen bilateral cooperation in strategic petroleum projects. The visit came on the sidelines of the Algerian delegation's participation in the Joint Business Council meeting, coinciding with the work of the Egyptian-Algerian Higher Committee.

Electricity Minister inspects Opearations of Rare Earth Minerals at Abu Zenima

Mahmoud Esmat, Minister of Electricity and Renewable Energy, conducted an official field visit to the Nuclear Materials Authority (NMA) field center in the Abu Zenima area of South Sinai, in line with the directives of President Abdel Fattah El-Sisi to advance the utilization of rare earth elements and maximize the economic value of the country’s natural resources.

Egypt Rolls Out New Incentive Package for Emerging Mining Investors

Egypt unveiled a new investment incentives package aimed at attracting small and medium sized mining companies for mineral exploration activities during Karim Badawi's, Minister of Petroleum and Mineral Resources, visit to Australia. The announcement was made at the "Explore in Egypt" event, where Badawi met with over 30 Australian companies and institutions interested in investing in the mining sector in Egypt.

Egypt, Australia Strengthen Mining Cooperation Through Training, Investment Partnerships

During his official visit to Perth, Western Australia, Karim Badawi, Minister of Petroleum and Mineral Resources, led high-level engagements focused on building technical expertise and strengthening investment partnerships in mineral exploration and development.

The visit featured the signing of a Letter of Intent between the Mineral Resources and Mining Industries Authority (MRMIA) and Curtin University—one of the world’s foremost mining institutions. This agreement lays the groundwork for two specialized training programs. They aim at equipping Egyptian mining professionals with skills in advanced geology, resource estimation, geotechnical integration, mining engineering, project economics, and data-driven optimization. 

Badawi Inspects Soda Ash Production Project in New Alamein

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the early operational status of the soda ash and derivatives production complex located in the New Alamein City Industrial Zone. Operated under the Egyptian Petrochemicals Holding Company (ECHEM), the project is set to produce 600,000 tons of soda ash per year in its first phase.​

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