Karim Badawi

Egypt to launch new gold exploration bidding in Q1 2025

Thu, 05 Dec 2024 - 03:39 GMT

The meeting also highlighted the progress of establishing a mining school in Egypt, designed to train local youth in mining skills. The school, initiated by Centamin, is scheduled to begin operations in September 2025.

Egypt’s EGAS signs agreement to bolster LNG supply to Jordan as it continues to develop local infrastructure

Mon, 02 Dec 2024 - 02:57 GMT

It aims to address the urgent gas supply needs of Jordan, especially as the country continues to develop its LNG infrastructure, and will help mitigate costs for both countries.

Egypt's aims to boost mining sector contribution to 5-6% of GDP on medium term: Petroleum Minister

Wed, 13 Nov 2024 - 03:53 GMT

The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP

Egypt actively collaborating with partners to enhance business environment in NatGas market

Mon, 04 Nov 2024 - 04:43 GMT

Petroleum Minister Badawi stated, “We are actively collaborating with our partners to foster an environment that encourages expanded production from existing fields and enhances exploration and supply to markets.”

Egypt signs 4 MoUs to boost oil, gas exploration, production: Petroleum Minister

Wed, 23 Oct 2024 - 02:18 GMT

Minister of Petroleum, Karim Badawi, stated that these MoUs are designed to attract investments through the Egypt Exploration and Production Gateway, promoting available opportunities in the sector.

Egypt lowers renewable energy target to 40% for 2040

Mon, 21 Oct 2024 - 10:19 GMT

During the opening session of the Mediterranean Energy Conference 2024, Badawi stressed the importance of collaboration in the energy sector, calling for increased exploration and investment to tap into Egypt's vast natural gas reserves

Egypt strengthens global energy ties with 4 new cooperation agreements

Mon, 21 Oct 2024 - 10:05 GMT

These agreements are designed to enhance collaboration in key areas such as operational safety, energy efficiency, carbon reduction, and the transportation of natural gas and hydrogen.

EGAS, Copelouzos Group forge partnership to expand gas operations in Europe

Mon, 14 Oct 2024 - 11:51 GMT

He underscored the potential for exchanging expertise between Egypt’s petroleum sector and the Greek group to address the energy needs of both nations.

Agiba Petroleum Company’s total investments reach $417M during FY2023/2024

Mon, 14 Oct 2024 - 10:26 GMT

The company also boosted its reserves by 9.2 million barrels of oil equivalent through extensive exploration and development activities.

EUG offer 42 opportunities in oil, gas exploration: Petroleum Minister

Tue, 01 Oct 2024 - 11:45 GMT

Badawi affirmed his confidence in the state’s potential to achieve its objectives in maximizing the utilization of natural resources, aiming to solidify Egypt’s position as a regional energy hub.

EGAS head highlights 11 new agreements in sector worth $925M during general assembly

Mon, 23 Sep 2024 - 03:57 GMT

During the General Assembly of the Egyptian Natural Gas Holding Company (EGAS), which focused on the financial results for the fiscal year 2023/2024, the EGAS head shared the biggest achievements in the sector.

Egypt raises prices of household and commercial gas canisters as part of subsidies cut

Thu, 19 Sep 2024 - 10:12 GMT

Despite these increases, the state continues to subsidize butane, with actual costs estimated at LE 200 for household cylinders and LE 450 for commercial use

BP to boost Egypt's gas production by 200M cubic feet per day

Tue, 03 Sep 2024 - 11:32 GMT

This move, confirmed by a government source speaking to Asharq Bloomberg, follows BP's hefty investment of over $400 million in drilling two wells in the fiscal year 2024\2025.

EGAS announces bid to explore natural gas in 12 regions in Mediterranean & Nile Delta

Tue, 27 Aug 2024 - 11:14 GMT

This endeavor aligns with the Ministry's strategy to attract new investments to Egypt by leveraging opportunities in gas and oil exploration.

ExxonMobil provides $90M in seismic exploration in Egypt

Tue, 20 Aug 2024 - 11:31 GMT

The corporation aims to accelerate drilling endeavors upon the arrival of the drilling team in October.

PetroleumMin explores ways of cooperation with American firm Apex

Mon, 29 Jul 2024 - 01:51 GMT

Their focus was on ramping up exploration efforts, augmenting petroleum production, and ensuring the fulfillment of local market demands.

PetroleumMin follows up on implementation of phosphate fertilizer factory in Ain Sokhna

Sun, 28 Jul 2024 - 02:14 GMT

Minister Badawi, in turn, underscored Egypt's substantial potential in mining and petrochemicals, stressing the nation's capability to enhance its economic standing and reduce import dependencies.

PetroleumMin, Norwegian Ambassador discuss green hydrogen, energy cooperation

Thu, 18 Jul 2024 - 11:53 GMT

The Minister emphasized the importance of addressing current challenges comprehensively, with the goal of increasing production, bridging gaps, and transitioning towards a green economy.

Petroleum Minister reveals intention to inject fresh financing into energy consumption reduction projects

Mon, 15 Jul 2024 - 01:33 GMT

Badawi also emphasized that these efforts are pivotal to Egypt's sustainable development strategy, reflecting a proactive stance on climate action and energy transition

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