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Engineer Karim Badawy: Work to increase oil and gas production and discoveries in the coming period


Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, said, “Providing the fuel necessary to operate power stations, and thus providing it to citizens and companies operating in Egypt, will be one of the priorities that the ministry is working on.”

Wed 03 Jul 2024 | 07:11 PM
Minister of Petroleum: Work to increase oil and gas production and discoveries in the coming period
Minister of Petroleum: Work to increase oil and gas production and discoveries in the coming period
amir hagag

Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, said, “Providing the fuel necessary to operate power stations, and thus providing it to citizens and companies operating in Egypt, will be one of the priorities that the ministry is working on.”

The Minister of Petroleum confirmed that work will be done to increase oil and gas production and discoveries, in addition to injecting modern technologies to develop discoveries and obtain new fields in the Mediterranean, the Western Desert, and all parts of the Republic.

In media statements, the minister pointed out the great interest the ministry attaches to dealing with foreign partners to attract more investments to the oil and gas sector and to focus on the human element and its development in the sector, in addition to the interest in important mineral wealth to attract investments to Egypt and inject a new industry.

He pointed out that attention will be paid to petrochemical projects and increasing the added value of this industry to reduce the need for hard currency, work to open markets for ammonia and export to Europe, and reduce the sector’s carbon emissions.