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Government Reaffirms Strong Support for Petroleum Sector’s Growth and International Partnerships

Minister of Petroleum and Mineral Resources, Karim Badawi, emphasized that the new government is fully aligned with and strongly supports the objectives of the petroleum sector. This includes efforts to boost producti...

EBRD Praises Egypt’s Progress in the Energy Field

Mark Bowman, Vice President of the European Bank for Reconstruction and Development (EBRD) for Policies and Partnerships, praised Egyptian efforts in the field of energy as well as its progress in development. Bowman ...

Petroleum Sector Participates in Development Projects in Hagar El Maris Village

The petroleum sector, in cooperation with the Orman Association, implemented several projects to support the neediest and most vulnerable families in the Hagar El Maris village, Luxor Governorate. This cooperation cam...

SONATRACH Affirms its Support for Reforestation Programs

SONATRACH Company reaffirmed its support for the forest protection program, a statement issued by the company reported. Toufik Hakkar, SONATRACH’s CEO, observed reforestation operation in the Bourouba district in the ...

Petroleum, Tourism, Aviation Ministries Discuss Ways to Boost Tourism Sector

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met with the Minister of Tourism and Antiquities, Khaled Al-Anani and Minister of Civil Aviation, Mohamed Manar, to discuss ways to boost tourism an...

Egypt, EBRD Discuss Petroleum Fund Cooperation Projects

Minister of Petroleum, Tarek El Molla, met with First Vice President and Head of Client Services Group at the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, to discuss cooperation opportuni...

Egypt, ITFC Signed Export Funding Deal

The Egyptian Minister of International Cooperation, Sahar Nasr, has signed a letter of intent for supporting the country’s export financing sector with the International Islamic Trade Finance Corporation (ITFC) CEO, H...

EU to Fund Egypt with $142m

EU’s Head of the European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, will sign a $142.17m funding package  to support  social and economic reforms in Egypt, as well as create job and supporting c...

Mexico to Support National Oil Company Pemex With $4.2b

Mexico’s finance ministry announced a series of measures to improve national oil company Pemex’s ailing finances, giving $4.2b liquidity boost. As Reuters reported, that includes a capital injection and a ...

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