Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi participated in the 10th Consultative Meeting of Arab Mineral Resources miniters, held on the sidelines of the fifth edition of the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia.
On the sidelines of the Future Minerals Forum (FMF) in Saudi Arabia, Minister of Petroleum and Mineral Resources, Karim Badawi, met with Mohsin Al-Hadhrami, Undersecretary of Oman’s Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), to expand bilateral cooperation in the petroleum, natural gas, and mining sectors.
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, participated in a high-level roundtable meeting of mining ministers on the sidelines of the 5th edition of the Future Minerals Forum in Riyadh. The roundtable was chaired by Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, and included around 70 senior officials from global organizations concerned with mining, investment, and development.
Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates met Tuesday with Terje Pilskog, CEO of Norwegian firm Scatec to strengthen economic cooperation between Egypt and Norway in renewables. Abdelatty stressed on boosting bilateral economic cooperation, building on the outcomes of President Abdel Fattah El-Sisi’s visit to Norway in December 2024.
Prime Minister Mostafa Madbouly has inaugurated the first phase of the Obelisk Solar Power Generation Project Nagaa Hammadi, Qena Governorate. The phase has a capacity of 500 megawatts (MW), in addition to 200 megawatt-hours (MWh) of battery energy storage systems (BESS). It is developed and constructed by Norway’s Scatec, with a total planned solar capacity of 1,000 MW.
Prime Minister Mostafa Madbouly has inaugurated a Chinese technology industrial complex dedicated to manufacturing components for renewable energy projects within the Suez Canal Economic Zone (SCZONE), according to a statement by the Cabinet.
Located inside the Tianjin Economic-Technological Development Area (TEDA) in Sokhna, the $116 million complex marks a strategic milestone in Egypt’s efforts to become a regional hub for green economy industries, aligning with Egypt's Vision 2030.
Egypt has exported 150,000 liquefied natural gas (LNG) from IDKU plant and head to Canada via French TotalEnergies’ LNG Endeavour vessel, marked as the first shipment of 2026.
Egypt is undergoing a fundamental structural transformation in its petroleum and natural gas sectors. A recent Rystad Energy report, a leading independent energy research and business intelligence company headquartered in Oslo, highlights how the country leads globally in licensing rounds for 2025-2026, addresses overdue payments to international oil companies (IOCs), and reforms gas pricing to foster partnerships.
Scatec, a leading renewable energy solutions provider, has signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to develop a solar power plant with a total capacity of 1.95 gigawatts (GW) and a Battery Energy Storage System (BESS) to store the generated power with a capacity of 3.9 gigawatt-hours (GWh).
The Egyptian Mineral Resources and Mining Industries Authority (MRMIA) approved the issuance and renewal of 53 mineral exploration and exploitation licenses during the fourth quarter (Q4) of 2025. This regulatory action, covering the period from October to December, aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to streamline mining operations and enhance the economic value of the nation’s mineral wealth.
Minister of Petroleum and Mineral Resources Karim Badawi endorsed the approvals following a technical review by a specialized committee and the MRMIA Board of Directors, according to a statement by MoPMR.
