Latest news with #KaremBadawi
Zawya
a day ago
- Business
- Zawya
Egypt's minister explores deeper energy trade ties with China's United Energy Group
Egypt - Karem Badawi, Minister of Petroleum and Mineral Resources, met in Dubai with Song Yu, Chairperson and CEO of China's United Energy Group (UEG), alongside Kamel El-Sawy, UEG's Regional President for Africa, and an accompanying delegation. The discussions centred on UEG's strong interest in increasing its investments in Egypt, building on the country's favourable investment climate and the strategic partnership the company has developed with Egypt's petroleum sector in Iraq. Encouraged by these successes, UEG aims to explore broader avenues of cooperation and expand into regional and global markets in partnership with Egypt. Both sides reviewed potential collaboration in energy trading to strengthen commercial integration and enhance access to international markets. This aligns with their shared goal of deepening global reach and improving the efficiency of the energy sector's value chain. As part of the visit, the Minister attended the signing of a Memorandum of Understanding between the Ministry of Petroleum and Mineral Resources and UEG. The MoU sets out a framework to explore investment opportunities in Egypt's oil and gas sector, as well as potential expansion into renewable energy projects and energy trading. The MoU was signed by Ehab Ragaa, First Undersecretary of the Ministry of Petroleum for Production, and Song Yu, Chairperson of United Energy Group. Following the signing, Song Yu praised the strong cooperation with Egypt's petroleum sector, noting that concrete achievements on the ground reaffirm the company's commitment to further expand this partnership—particularly in light of the Ministry's strategic direction and efforts to attract new investments. To mark the occasion, Song Yu presented a commemorative shield to the Minister, recognising his leadership and dedication to supporting the energy sector and fostering an attractive investment environment. The meeting and ceremony were also attended by Nasser Shoman, Undersecretary of the Ministry of Petroleum for Transportation and Marketing, and Mohamed El-Bagoury, Supervisor of the Central Legal Affairs Department at the Ministry.
Zawya
17-07-2025
- Business
- Zawya
Sukari Gold Mine showcases successful public–private partnership: Egypt's minister
Egypt - Karem Badawi, Minister of Petroleum and Mineral Resources, met with Gillian Doran, Chief Financial Officer of the global mining company AngloGold Ashanti—an investor in the Sukari gold mine—alongside Hoda Mansour, Vice President and Managing Director of Sukari Company, on the sidelines of the Egypt Mining Forum. During the meeting, Badawi affirmed the government's commitment to working with strategic partners and fostering an attractive and stable investment climate. He noted that the achievements at the Sukari Mine stand as a successful model of partnership between the state and the private sector. The Minister also reiterated the Ministry's dedication to maintaining open channels of communication to address challenges and streamline procedures, especially following recent amendments to the Mineral Resources Law and the introduction of a new model for gold and mineral exploitation, which together open up fresh opportunities for investors. For her part, Gillian Doran praised the notable progress made at the Sukari Mine, noting that her visit to the site marked a turning point, allowing her to witness first-hand the scale and quality of the operations. She highlighted that 97% of the workforce consists of highly skilled Egyptian professionals. Doran also welcomed the positive outcomes of AngloGold Ashanti's acquisition of the mine, stating that it had strengthened the company's position among global gold producers, with the Sukari Mine playing a central role in this success. The meeting further explored ways to deepen cooperation with the Egyptian government to expedite the granting of exploitation rights, particularly for start-ups, thereby broadening the mining investment base and boosting exploration activities—both within the Sukari concession and in newly awarded exploration areas.
Daily News Egypt
17-07-2025
- Business
- Daily News Egypt
Minister of Petroleum discusses mining cooperation with Saudi Arabia
Karem Badawi, Minister of Petroleum and Mineral Resources, held a meeting with Khalid bin Saleh Al-Mudaifer, Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs, and his accompanying delegation, to explore avenues for cooperation between the two countries in the mining sector and to promote sustainable development that serves their shared economic interests. During the meeting, Badawi reviewed recent steps to advance Egypt's mining sector, underlining the Ministry's efforts to create an attractive investment environment built on clear legislation and a competitive climate. He highlighted several strategic projects, foremost among them the phosphoric acid project, which reflects Egypt's commitment to maximising value added from its mineral resources. The Minister also praised Saudi Arabia's organisation of the International Mining Conference, expressing interest in learning from the Kingdom's successful experience in mining sector development. He pointed to the promising potential of southern Egypt, where preparations are underway to conduct seismic surveys to identify new exploration and investment opportunities. For his part, Khalid Al-Mudaifer expressed his pleasure at attending the Egypt Mining Forum, commending the strong turnout and the high level of engagement from industry stakeholders. He emphasised the significant shared potential between Egypt and Saudi Arabia in the mining field, noting that the geographical proximity of the two countries creates opportunities for greater integration and collaboration with international partners. Al-Mudaifer further praised Egypt's serious efforts to develop its mining sector, highlighting the Red Sea region as a promising destination capable of attracting global investment and strengthening bilateral cooperation.
Daily News Egypt
16-07-2025
- Business
- Daily News Egypt
Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum
Karem Badawi, Minister of Petroleum and Mineral Resources, met with Gillian Doran, Chief Financial Officer of the global mining company AngloGold Ashanti—an investor in the Sukari gold mine—alongside Hoda Mansour, Vice President and Managing Director of Sukari Company, on the sidelines of the Egypt Mining Forum. During the meeting, Badawi affirmed the government's commitment to working with strategic partners and fostering an attractive and stable investment climate. He noted that the achievements at the Sukari Mine stand as a successful model of partnership between the state and the private sector. The Minister also reiterated the Ministry's dedication to maintaining open channels of communication to address challenges and streamline procedures, especially following recent amendments to the Mineral Resources Law and the introduction of a new model for gold and mineral exploitation, which together open up fresh opportunities for investors. For her part, Gillian Doran praised the notable progress made at the Sukari Mine, noting that her visit to the site marked a turning point, allowing her to witness first-hand the scale and quality of the operations. She highlighted that 97% of the workforce consists of highly skilled Egyptian professionals. Doran also welcomed the positive outcomes of AngloGold Ashanti's acquisition of the mine, stating that it had strengthened the company's position among global gold producers, with the Sukari Mine playing a central role in this success. The meeting further explored ways to deepen cooperation with the Egyptian government to expedite the granting of exploitation rights, particularly for start-ups, thereby broadening the mining investment base and boosting exploration activities—both within the Sukari concession and in newly awarded exploration areas.
