World Bank | Egypt Oil & Gas

US Urges World Bank to Resume Upstream Oil, Gas Financing

US Treasury Secretary Scott Bessent has called on the World Bank to end its restrictions on financing upstream oil and gas projects and increase support for critical minerals mining, including deep-sea extraction, Reu...

Egypt, WB Discuss Roadmap to Boost Mining Sector’s GDP Contribution

Ahmed Rostom, Minister of Planning and Economic Development, met with Namrata Thapar, World Bank Group Global Director for Metals and Minerals, to outline an integrated framework for advancing Egypt’s mining ind...

Egypt, World Bank Align on Decarbonization Under GFMR Framework

Mahmoud Nagy, Undersecretary for health, safety, and environment (HSE), Energy Efficiency, and Climate, and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), met with the World Bank mis...

WB Deepens Cooperation with Egypt on Methane Reduction, Gas Flaring Initiatives

On the sidelines of the Gastech 2025 conference, Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with a World Bank delegation led by Zubin Bamji, Director of the Bank’s Global Gas Flari...

Egypt Fostering Cooperation in Carbon Emission Reduction at ADIPEC 2024

Minister of Petroleum and Mineral Resources Karim Badawi and First Undersecretary of the Ministry of Petroleum and Mineral Resources and Supervisor of Energy Efficiency and Climate Alaa El Batal held several meetings ...

Badawi Discusses Future Oil and Gas Investment with World Bank Delegation

Minister of Petroleum and Mineral Resources Karim Badawi has announced that the oil and gas sector is working on preparing new investment opportunities, with ongoing discussions aimed at enhancing their appeal to inve...

Egypt-World Bank Talks at ADIPEC 2023 Focus on Decarbonization

Minister of Petroleum and Mineral Resources Tarek El Molla has held talks with Zubin Bamji, Program Manager for the World Bank’s (WB) Global Gas Flaring Reduction Partnership (GGFR), in which he expressed Egypt’...

Egypt, World Bank Explore Cooperation in Natural Gas, Mining, Emissions Reduction

Minister of Petroleum and Mineral Resources Tarek El Molla has received the Regional Director of the World Bank’s (WB) Infrastructure Department in the Middle East and North Africa region Paul Noumba where they ...

WB: Egyptian Oil, Gas Exports to Increase 30.6% by 2022/23

The World Bank (WB) has expected that Egyptian oil and gas exports will increase by 30.6% to $23.5 billion during the fiscal year (FY) 2022/23. In a press release, the WB stated that Egypt’s current account deficit in...

World Bank Infrastructure Officials Praise Egypt’s Natural Gas Delivery Efforts

Tarek El Molla, Minister of Petroleum and Mineral Resources held two separate meetings with World Bank officials at COP 27, the first being with Riccardo Puliti, the bank’s Vice President of Infrastructure, and ...

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