Karim Badawi, Minister of Petroleum and Mineral Resources met with SLB, bp, Halliburton, and Baker Hughes CEOs at ADIPEC to advance key projects. Discussions focused on the East Med seismic survey, accelerating Raven gas production, and applying new technologies to boost Egypt's E&P efficiency.
On the sidelines of his participation in the Abu Dahbi International Petroleum Exhibition and Conference (ADIPEC) 2025, Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Doug Burgum, U.S Secretary of the Interior and Chairman of the National Energy Dominance Council. Both sides discussed ways to enhance Egypt and U.S strategic partnership in the energy domain.
Minister of Petroleum and Mineral Resources Karim Badawi announced a new international bid round for exploration and production operations in blocks RS-Block (1), RS-Block (2), RS-Block (3), and RS-Block (4) located in the Red Sea. The announcement was made during the minister’s participation in the Abu Dhabi Exhibition and Conference (ADIPEC) 2025.
Karim Badawi, Minister of Petroleum and Mineral Resources, stated that Egypt is working on strengthening its status as a regional energy hub, maximizing the use of its robust infrastructure, and expanding cooperation to provide energy supplies for the entire region. The Minister made his remarks during a ministerial session at the ADIPEC Exhibition and Conference 2025.
The session was attended by Suhail Al Mazrouei, UAE Energy Minister and Infrastructure, and Saad Al Kaabi, Qatar’s Minister of State for Energy Affairs.
EKH completes the sale of its 63.39% stake in Delta Insurance to Al Wafa Insurance for EGP 3.169 billion ($67 million). The company, set to be renamed Valmore Holding, simultaneously reported a 32% YoY rise in H1 2025 revenues.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Claudio Descalzi, CEO of Eni, during his participation in the ADIPEC Exhibition and Conference 2025 in Abu Dhabi to accelerate the company’s exploration and production plans in the Mediterranean. The Minister also met Clay Neff, President of Chevron International Exploration and Production to explore opportunities for expanding the company’s investments.
The South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planned international exploration bid round in the Red Sea. This initiative aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to attract new investments in untapped oil and gas exploration areas.
Minister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister’s regular inspection tours to petroleum sector companies. The visit aimed to follow up on the company's progress and work plans. It also ensured direct communication with executive leaders and work teams as the minister sat to listen to their views, suggestions, and challenges.
The Ministry of Petroleum and Mineral Resources (MoPMR) has carried out the main annual marine drill for oil spills in the Mediterranean Sea at El-Hamra Petroleum Port, New Alamein. The operation aims to test the effectiveness of emergency plans for dealing with marine oil pollution incidents. It assesses the speed of response and coordination among the concerned bodies, and ensures the readiness of personnel and equipment to handle the situation, said the Ministry.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining sector, as well as in the energy and natural gas domains.
