Minister of Environment, Yasmine Fouad, submitted her resignation from the government, to pursue the position of Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD). Fouad, a steadfast advocate of climate goals has been in her position since 2018.
Minister of Petroleum and Mineral Resources, Karim Badawi, conducted an inspection visit to the main control center of the national gas grid, the National Advanced Transmission and Automation Centre,(NATA), affiliated with Egyptian Natural Gas Company (GASCO), to monitor the operational status of gas supplies to the electricity and industrial sectors, according to a statement from the Ministry of Petroleum and Mineral Resources. This comes as a part of the ongoing efforts to secure the local market's natural gas needs.
The Mineral Resources and Mining Industries Authority (MRMIA) signed a Memorandum of Understanding (MoU) with China's Asia-Potash International Investment (Guangzhou) Co., Ltd. The MoU is designed to strengthen joint cooperation in exploring and assessing phosphate ore reserves. The objective is to maximize the added value of this crucial resource. The signing took place in the presence of Karim Badawi, the Minister of Petroleum and Mineral Resources, according to the Ministry’s statement.
Dana Gas reported on Wednesday 9 billion cubic feet (bcf) of gas proven reserves from initial drilling results of Begonia-2 appraisal well located in the New Manzala concession area in the Nile Delta region. Production from the well is expected to reach 5 million cubic feet per day (mcf/d) of natural gas. Karim Badawi, minister of petroleum and Mineral Resources, met with Richard Hall, CEO of Dana Gas to review the company’s current activity and its future development plans in the concession areas. Hall reflected on Minister Badawi's recent visit to the Begonia-2 well site in the New Manzala onshore concession in the Nile Delta, operated by El Wastani Petroleum Company (WASCO) in partnership with Dana Gas. The visit was to oversee the start of an integrated program to drill 11 new wells. These wells are expected to add approximately 160 billion cubic feet (bcf) of natural gas, with an additional average production of about 100 million cubic feet of gas per day (mmcf/d) and 2,000 barrels per day (bbl/d) of condensates.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cheick-Oumar Sylla, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group. Their discussion focused on exploring potential avenues for cooperation in financing projects within Egypt's mining sector.
The Mineral Resources and Mining Industries Authority (MRMIA) signed a Memorandum of Understanding (MoU) with New Valley Company for Mineral Resources and Oil Clay (Wadico), to cooperate in completing geological, technical, and economic studies to assess oil shale reserves in Egypt and develop an integrated plan for its optimal exploitation.
Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), held a number of meetings with international investors showing interest in investing in the Egyptian mining sector. The meetings took place on the sidelines of the 4th edition of the Egypt Mining Forum.
United Energy Egypt (UEE) has signed a Memorandum of Understanding (MoU) with LONGi Green Energy, a global leader in solar technology, to deploy a 20-megawatt (MW) hybrid solar power system across six oil fields. The project is expected to deliver 24,800 megawatt per hour (MWh) of annual clean energy, powering more than 6,000 Egyptian households, while avoiding over 14,000 tons of carbon dioxide emissions yearly, equivalent to removing 3,000 gasoline vehicles.
Egypt has leased the Energos Winter floating, storage, and regasification unit (FSRU) for five years and the unit is expected to arrive at Damietta port by August this year. So far, there are three connected regasification units to SUMED and Sonker berths in Ain Sokhna port. The three units hold regasification capacity of 2,250 million standard cubic feet per day (mmscf/d), Moataz Atef, Undersecretary of the Minister’s Technical Office and Official Spokesperson, Ministry of Petroleum and Mineral Resources.
Minister of Petroleum and Mineral Resources Karim Badawi issued a new round of appointments for finance and contracts directors in a number of petroleum sector companies.
