As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.
Prime Minister Mostafa Madbouly held a meeting to follow up on a number of topics related to Egypt's energy portfolio.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Natural Gas Vehicles Company (Cargas) to review its fiscal year results in 2024, reaffirming the ministry’s full support for the company’s services and praising its partnership with bp.
Egyptian Company for Mineral Resources (ECMR) Chairman Hany Mostafa stated that the company’s revenues recorded an increase of 36%, equivalent to EGP 92 million, reaching EGP 1,098 billion during the fiscal year (FY) 2023/24.
GASTEC had a significant increase in natural gas sales for vehicles achieved during the year, with a growth rate of 107% compared to the previous year, and the conversion of more than 20,000 vehicles to run on natural gas. This came during the General Assembly meeting of GASTEC to discuss and approve the company's performance results for the year 2024. The meeting was held in presence of Minister of Petroleum and Mineral Resources, Karim Badawi.
Within the framework of the Ministry of Petroleum and Mineral Resources' keenness to support work sites with qualified competencies to implement its strategic pillars and objectives, and its continuous endeavor to inject new blood into leadership positions in the sector and maximize the utilization of human capital to achieve more positive results, Minister of Petroleum and Mineral Resources, Karim Badawi, has issued a new round of transfers and assignments, encompassing a number of leaders in production and administrative sites.
The Ministry of Petroleum and Mineral Resources (MoPMR) organized a workshop in cooperation with Siemens to exchange the expertise and best practices in the field of energy efficiency and emissions reduction.
Minister of Petroleum and Mineral Resources Karim Badawi emphasized that workforce development is pivotal to the petroleum sector’s success and urged continued prioritization of occupational health and safety in the sector.
The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement.
