- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
The Minister of Petroleum and Mineral Resources Karim Badawi
Saudi Arabia Eyes Mining Opportunities in Egypt
On the sidelines of his participation in BEBA, the Minister of Petroleum and Mineral Resources karim Badawi held a meeting with Khalid Al-Mudaifer, the Vice-Minister for Mining Affairs of Saudi Arabia's Ministry of Industry and Mineral Resources and the CEO of Maaden Company, during which Saudi side show a great desire to establish a partnership with the Egyptian side in the mining sector.
Egypt
MoPMR, Barrick Gold Initiate Framework Agreement to Invest in Egypt
The meeting witnessed the initialing of the framework agreement, which allows Barrick Gold to invest in Egypt by obtaining concession areas to exploit gold upon completing all necessary approvals and procedures under the provisions of the law.
BEBA
MoPMR, AngloGold Ashanti Sign Draft Agreement for Gold Exploration
The Minister of Petroleum and Mineral Resources Karim Badawi witnessed signing of the draft agreement with the initial letters for the gold exploration, during his meeting with the AngloGold Ashanti Company’s officials on the sidelines of BEBA event.
energy security
Shell, Equinor to Create UK’s Largest Independent Oil, Gas Company
Shell and Equinor have partnered to combine their UK offshore oil and gas assets and expertise to form a new company, aimed to be the UK North Sea’s biggest independent producer.
Egypt
MoPMR, Aton Resources Sign LoI to Increase Investments
The Ministry of Petroleum and Mineral Resources (MoPMR) and Aton Resources Inc. signed a letter of intent (LOI) to study amending the concession agreement issued to the company to allow it to increase its investments within the concession areas, which maximizes the return to Egypt.
he Minister of Petroleum and Mineral Resources Karim Badawi
Petroleum Minister Assigns 6 Graduates from the Middle Management Program as Assistants for EMRA Leaders
The Minister of Petroleum and Mineral Resources Karim Badawi has issued a decision to assign six graduates from the young and middle management program to take over the assistants’ tasks for the leaders and chairman of Egyptian Mineral Resources Authority (EMRA).
CSR
Petromaint Company Achieves ISO 26000 Certification for Social Responsibility
The Chairman of Petromaint Company Ibrahim Motawea has received ISO-26000 Certification for social responsibility by TUV company.
Norway
SLB Completes World's First Industrial-Scale Cement CCS Plant in Brevik, Norway
SLB Capturi has completed the construction of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway, marking the world's first industrial-scale project of its kind.
