Egypt is set to conduct a comprehensive airborne geophysical survey of mineral potential nationwide under a Memorandum of Understanding (MoU) signed between the Mineral Resources and Mining Industries Authority and Spain's Xcalibur Smart Mapping. Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing during his visit to the company's operations site at Jandakot Airport in Western Australia.
On the sidelines of his official visit to Australia, Karim Badawi, Minister of Petroleum and Mineral Resources, met with executives from three Australian firms: Capital Drilling, Hunter, and Bell Potter. The meetings focused on attracting new foreign investments, supporting the expansion of existing operations, and securing crucial financing for exploration projects within Egypt’s mining sector. The discussions are part of the Ministry's efforts to leverage Egypt's mineral wealth and bolster the new investment climate.
Mostafa Madbouly, Prime Minister, witnessed today the signing of a contract for establishing one of the largest integrated chemical phosphate industrial complexes in the Middle East. The major project, set to receive an investment of approximately $1 billion across all phases, is located within the "Sokhna 360" integrated industrial city in the Suez Canal Economic Zone (SCZone).
Al-Suwaidi Industrial Development signed the contract with CJN Company, the Chinese global leader in phosphate industries. The project is expected to create around 10,000 direct and indirect job opportunities and will dedicate the majority of its production for export.
The Ministry of Petroleum and Mineral Resources (MoPMR) took part in the 16th Kuwait Week in Cairo, held under the patronage of Egyptian Prime Minister, Mostafa Madbouly. The ministry participated with a dedicated pavilion in the Egyptian-Kuwaiti Companies Exhibition, featuring several of its key entities, including the Egyptian Mineral Resources Authority (EMRA), the Petroleum Projects and Technical Consultations Company (Petrojet), the Engineering for the Petroleum and Process Industries (ENPPI), the Egyptian Drilling Company (EDC), Petroleum Marine Services (PMS), and the Modern Drilling Company (MDC).
During his visit to Perth in Western Australia, Karim Badawi, Minister of Petroleum and Mineral Resources, met with David Michael, Minister of Mines and Petroleum in the Government of Western Australia, to discuss expanding cooperation and leveraging Australian expertise to support the development of Egypt’s mining sector. The visit also included the signing of a Letter of Intent between the Egyptian Mineral Resources and Mining Industries Authority and Murdoch University to build the capabilities of Egyptian mining professionals through advanced Australian training programs.
Iman Hill, Country Manager and Managing Director of Vaalco Energy Egypt, has been appointed Chairwoman of the Egypt Oil and Gas Committee, effective December 11—the set date for EOG2025 convention. The announcement was made during the Committee’s Executive Board meeting on November 24, which also witnessed the launch of a comprehensive restructuring of the committee’s operational framework.
Energean, the international energy company focused on natural gas exploration and production, announced that its Egyptian assets showed “an excellent performance” during the first nine months of 2025 with production of 29,000 barrels of oil equivalent per day (boe/d), according to its latest trading update report. The strong Egyptian performance offset the effect of a decline in production at the company's interest in the Cassiopea Field, Italy.
Karim Badawi, Minister of Petroleum and Mineral Resources, appointed Mohamed Awad as Chairman and Managing Director of Petrosilah Petroleum Company. The decision also included the appointment of Mostafa Abdel-Moneim Abbas as General Manager of Operations for the company.
In a continued effort to enhance performance and inject new expertise, Karim Badawi, Minister of Petroleum and Mineral Resources, issued a new round of transfers among senior financial affairs executives in the petroleum sector..
The Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt. The MoU is to enhance risk management, operational safety, and training across Egypt’s fuel transportation and distribution system.
According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the MoU was signed in a meeting attended by Salah Abdel Kerim, EGPC Chairman, and Sherif Serag El Din, ExxonMobil Egypt’s Vice Chairman and Managing Director.
