Egypt plans $4bn investment in six refinery projects, minister says
Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The projects are designed to increase domestic production, boost added value, and reduce the country’s fuel import bill,
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy
Australian mining group Hunter & Co. to invest in Egypt following legislative overhaul
Australian mining group Hunter & Co. has expressed its intent to launch investment projects and establish strategic partnerships within the Egyptian mining sector, according to a statement released by the Ministry of Petroleum and Mineral Resources on Sunday. The decision
Madbouly says Egypt has paid $5bn of arrears to foreign oil partners
Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters
Egypt ready to receive mining investments: Petroleum Minister
Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that recent developments send a clear message that Egypt is ready to receive mining investments and is building a mining sector capable of competing globally, providing investors with the confidence to
Egypt approves 53 mining licence issuances, renewals in Q4 2025
Egypt’s Ministry of Petroleum and Mineral Resources has approved 53 decisions issued by the Board of Directors of the Mineral Resources and Mining Industries Authority (MRMIA) relating to the issuance and renewal of mining exploration and exploitation licences during the
Electricity, petroleum ministers review preparations to meet higher summer energy demand
Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Karim Badawi, Minister of Petroleum and Mineral Resources, held a meeting on Wednesday to review and assess the action plan as part of ongoing preparations to meet the expected increase in
Egypt’s Prime Minister orders faster health insurance rollout and new mining investment push
Prime Minister Mostafa Madbouly has ordered the acceleration of Egypt’s Universal Health Insurance (UHI) system across all regions, targeting the inclusion of five provinces in its second phase, the cabinet said in a statement on Monday. During a meeting in
Petroleum minister, AngloGold Ashanti discuss expanded investments in Egypt
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting in London with Hoda Mansour, Managing Director and Vice Chairperson of Sukari Gold Mines, representing global mining leader AngloGold Ashanti. The talks took place on the sidelines of Badawi’s
Egypt prepares major incentive packages to attract green hydrogen investments: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global