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Zawya
an hour ago
- Business
- Zawya
Egypt, China's UEG ink MoU to explore oil, gas investments
Arab Finance: United Energy Group (UEG), a Chinese oil and gas exploration and production company, inked a memorandum of understanding (MoU) with Egypt's Ministry of Petroleum and Mineral Resources, according to a statement. The agreement includes a general framework for cooperation in exploring investment opportunities in the oil and gas sectors inside and outside Egypt. This is in addition to mulling over the possibility of expanding renewable energy projects and energy trade activities. During a meeting with the group's delegation, Minister of Petroleum Karim Badawi reviewed the company's plans to scale its investments in Egypt and explored new horizons for cooperation and expansion into regional and international markets. Badawi also lauded the strategic partnership between the company and the Egyptian petroleum sector in Iraq. Moreover, the two sides discussed opportunities for cooperation in energy trade activities, which will contribute to enhancing trade integration and streamlining access to global markets. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Business Recorder
22-07-2025
- Business
- Business Recorder
Minister, Australian HC discuss cooperation in energy sector
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with the Australian High Commissioner to Pakistan, Neil Hawkins, on Monday at the Ministry of Petroleum in Islamabad. The discussions centred on expanding bilateral cooperation in energy and mining, with a focus on investment, technology transfer, and skills development. Minister Malik emphasised Pakistan's commitment to enhancing energy security and welcomed Australian expertise in mining and renewable energy projects. He highlighted opportunities for Australian firms to invest in Pakistan's growing energy sector. High Commissioner Hawkins appreciated the recent economic strides made under the leadership of Prime Minister Shehbaz Sharif. He added that the improving current account surplus and profit repatriation has restored the confidence of multi-national companies working in Pakistan. He expressed strong interest from Australian mining companies in Pakistan's mineral-rich regions. He proposed collaboration between Australian universities, mining firms, and Pakistani institutions to provide specialised training programmes in modern mining techniques and services. This initiative aims to enhance local expertise and support Pakistan's mining sector development. Minister Malik appreciated the proposal, stating, 'Pakistan values Australia's advanced mining capabilities and technical knowledge. We welcome partnerships that build local capacity and attract investment in our mineral and energy sectors.' He assured full support for facilitating such collaborations. The meeting concluded with both sides agreeing to strengthen institutional linkages and explore joint ventures in energy and mining for mutual economic growth. Copyright Business Recorder, 2025
Express Tribune
21-07-2025
- Business
- Express Tribune
Australia proposes joint ventures in mining sector
The IFC loan represents its first mining investment in Pakistan, helping to lay the foundation for further investment in mining and to support resilience in a fragile economic region. Photo (file) Australia has proposed the formation of joint ventures with Pakistani companies to tap into the potential of minerals-rich mining sector. The Australian high commissioner on Monday expressed strong interest of Australian mining companies in Pakistani regions having vast deposits of natural resources. He proposed collaboration between Australian universities, mining firms and Pakistani institutions for devising specialised training programmes to introduce modern mining techniques and services. This initiative is aimed at enhancing local expertise and supporting the development of Pakistan's mining sector. Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Australian High Commissioner Neil Hawkins at the Ministry of Petroleum, where discussions centred around expanding bilateral cooperation in energy and mining, with a particular focus on investment, technology transfer and skills development. Ali Pervaiz Malik emphasised Pakistan's commitment to enhancing energy security and welcomed Australian expertise in mining and renewable energy projects. He highlighted investment opportunities for Australian firms in Pakistan's growing energy sector. "Pakistan values Australia's advanced mining capabilities and technical knowledge. We welcome partnerships that build local capacity and attract investment in our mineral and energy sectors," Malik remarked and assured the envoy of his full support for such collaborations. The high commissioner appreciated the recent economic strides made by Islamabad. He mentioned that the improving current account surplus and profit repatriation restored the confidence of multinational companies working in Pakistan.
See - Sada Elbalad
18-07-2025
- Business
- See - Sada Elbalad
Egypt's Petroleum Min. Affirms Full Support for Exploration Plans in Nile Delta
Taarek Refaat Egypt's Minister of Petroleum and Mineral Resources Karim Badawi has reiterated the government's full support for Dana Gas and its exploration efforts in the onshore Nile Delta, during a high-level meeting with the company's CEO, Richard Hall, on Wednesday. The meeting, described as extensive and strategic, reviewed Dana Gas's current activities in Egypt and discussed its future development plans in its concession areas. Minister Badawi commended the company's performance and technical achievements, expressing appreciation for the efforts of its operational teams. He emphasized that the Ministry of Petroleum remains committed to supporting international partners through a coordinated and integrated framework, aimed at overcoming challenges and accelerating the production timeline for new discoveries. 'Supporting exploration and fast-tracking discoveries into production aligns with our national strategy to increase domestic output and meet market needs for gas and petroleum products,' Badawi said. On his part, Dana Gas CEO Richard Hall hailed Egypt as a strategic partner and a central pillar of the company's regional investment portfolio, citing the promising geological potential of the Nile Delta and other Egyptian basins. He confirmed the company's desire to intensify exploration and expedite development operations to bring newly discovered wells online more quickly. Hall also expressed appreciation for Minister Badawi's recent visit to the Begonia-2 well site in the New Mansoura onshore concession, operated by Wasco Petroleum in partnership with Dana Gas. He described the visit as a strong message of encouragement and motivation to the technical teams working on the ground. 'Minister Badawi's field visit was a significant morale boost that reaffirmed our joint commitment to sustainable growth in Egypt's upstream sector,' Hall said. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results
See - Sada Elbalad
15-07-2025
- Business
- See - Sada Elbalad
DP World Egypt handles largest-ever specialist vessel carrying slag cargo at Ain Sokhna Port
Basant Ahmed The Ministry of Petroleum is working to increase natural gas output across various geographic regions—including the onshore Nile Delta—to ensure a stable supply to the national gas grid. It also continues to closely track the implementation of exploration and production programmes through its affiliated companies, with the aim of maximising returns from available resources. These efforts are being carried out in collaboration with both local and international partners, and are supported by newly introduced incentive packages aimed at encouraging domestic oil and gas production. These initiatives contribute to strengthening the national energy system and advancing broader economic development objectives. The vessel, MV KEEPER, with an overall length (LOA) of 289 metres and carrying 152,150 metric tonnes of slag metal, sets a new operational record at the terminal. The shipment forms part of a broader commercial agreement, which will see the terminal handle approximately 300,000 tonnes in total, a significant increase compared to previous cargo volumes. CEO Mohammed Shihab said: 'The successful handling of MV KEEPER reflects the results of our continued investment in Egypt's trade infrastructure, through our multi-purpose terminal, integrated end-to-end logistics solutions, and the operational excellence of our team. 'It reinforces our commitment to supporting Egypt's key industrial sectors and showcases the country's growing capacity to meet global commerce demands, supported by our world-class logistics capabilities.' read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
