Egyptian Minister of Petroleum on two-day official visit to Cyprus

Stock Watch

The Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Badawi, is paying a two-day visit to Cyprus on July 23 and 24, at the invitation of the Minister of Energy, George Papanastasiou.

According to a Ministry of Energy press release, the visit is taking place within the framework of the agreed cooperation between the two Ministries for the close progress monitoring of the deposits development project in block 6 of the EEZ of the Republic of Cyprus, following the signing of the Host Government Agreement (HGA) in Egypt on February 17, 2025.

As stated, Badawi is accompanied in Cyprus by a delegation from the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Authority (EGAS).

It is noted that during his visit to Cyprus, the Egyptian Minister of Petroleum will also meet with the President of the Republic, Nikos Christodoulides, to discuss the progress of the development of both the "Kronos" and "Aphrodite" fields.

It is added that immediately after the meeting with the President of the Republic, the two Ministers and technical teams will meet with representatives of ENI and TotalEnergies to be briefed on the progress of technical and commercial consultations for the development of "Kronos".

StockWatch in your inbox!

Subscribe to our newsletter now and stay tuned for the most important updates.

Write your email

Submit

The Minister of Energy will also have a separate meeting with senior executives of TotalEnergies to review the progress of the company's research program in the EEZ of the Republic of Cyprus, specifically with the Senior Vice President for the Middle East and North Africa, Julien Pouget, and the Vice President for North Africa, Jean Jeylet, the statement concludes.