Author: Rigs & Barge World
Karim Badawi, Minister of Petroleum and Mineral Resources, called for transforming Africa’s raw mineral riches into value-added exports to drive employment and development. This came during a roundtable titled Africa: Unlocking Infrastructure Funding for Copper Belt Production at the Future Minerals Forum(FMF) in Riyadh. The discussion focused on public-private partnerships and risk-mitigating financing models, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Badawi detailed Egypt’s recent transformations, including converting the Mineral Resources Authority into an independent economic body to streamline operations, launching a new investor incentives package, initiating a nationwide aerial survey for geological data…
Egypt has signed two separate MoUs to supply Lebanon and Syria with gas in recent weeks, despite its own gas shortages. Lebanon has no gas production at all, while Syria is trying to increase output from a paltry 7mn m³/d (247mn cfd) by bringing in foreign firms (MEES, 19 December 2025). Despite its own gas problems – output was a nine-year low 4.20bn cfd last year necessitating record LNG imports on top of imports of Israeli pipeline gas – Egypt has not abandoned its ambition of becoming a regional gas hub by using its LNG export facilities to re-export gas…
On the sidelines of his participation in the Future Minerals Forum (FMF) in Riyadh, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings with senior executives of leading mining companies to explore opportunities for partnership and investment in Egypt. In his talks with Jin, Group Vice President of China’s CMOC Group, Badawi highlighted Egypt’s significant and diversified mineral potential, particularly in phosphate, copper, gold, and cobalt, as well as niobium and titanium. He emphasized that Egypt’s new mining strategy is focused on maximizing value addition and expanding local downstream processing, rather than limiting activities to raw…
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On the sidelines of the Future Minerals Forum (FMF) in Saudi Arabia, Minister of Petroleum and Mineral Resources, Karim Badawi, met with Mohsin Al-Hadhrami, Undersecretary of Oman’s Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), to expand bilateral cooperation in the petroleum, natural gas, and mining sectors. The ministers reviewed potential collaborations under last year’s Memorandum of Understanding (MoU), leveraging Oman’s advanced mining survey to optimize mineral exploitation, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Furthermore, Minister Badawi highlighted the ongoing transformation of the mining sector into a primary pillar…
Q: Aramco recently increased its gas growth target to 80% by 2030. Can you outline Aramco’s gas growth strategy and how you plan to achieve it? A: Aramco is currently executing the most ambitious gas programs in its history, with four mega-gas projects and multiple gas discoveries in both conventional and unconventional reservoirs, including Jafurah; currently one of the largest unconventional gas fields in the region. We are also utilizing advanced technologies, such as artificial intelligence, autonomous systems, and data-rich planning, to help improve operational efficiency and reduce costs. This combined approach helps Aramco to optimize its gas production and…
Minister of Petroleum and Mineral Resources, Karim Badawi, called for a unified Arab strategy to achieve “mineral sovereignty” during the 10th Consultative Meeting of Arab Ministers Responsible for Mineral Resources. Held on the sidelines of the fifth Future Minerals Forum (FMF) in Riyadh, the meeting focused on moving beyond raw material extraction toward localizing downstream industries. Badawi emphasized that deeper regional integration is essential for uniting the Arab world’s role in the global energy transition, ensuring that the region’s critical and rare minerals become a pillar of collective economic security, according to a statement by the Ministry of Petroleum and…
Karim Badawi, Minister of Petroleum and Mineral Resources, joined a high-level ministerial roundtable on January 13 during the fifth edition of the Future Minerals Forum (FMF) in Riyadh to discuss the future of global mineral supply chains. Chaired by Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, the session convened over 70 senior officials and global industry leaders to address critical infrastructure financing and sustainability standards, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Badawi emphasized that Egypt is actively modernizing its mining legislative framework to attract high-value foreign direct investment (FDI) and…
The Opec+ producer alliance defied expectations in 2025, not merely by sticking to plans to unwind production cuts but significantly accelerating the process. It will be hoping to repeat the trick this year, unwinding the remaining cuts in time to implement a new quota mechanism from January 2027. Turning to the smaller Opec group, production increased to a six-year high of 27.74mn b/d, due to the easing of production cuts and continued recovery from members exempt from cuts (see table). Since the last production peak in 2022, Libya and Iran – both exempt from cuts – and the UAE, which…
Prime Minister Mostafa Madbouly has inaugurated the first phase of the Obelisk solar power project in Qena Governorate, marking a milestone in Africa’s renewable energy landscape. Developed by Norway’s Scatec within 13 months of signing the Power Purchase Agreement (PPA), the project represents one of the fastest global executions in the sector. The inauguration marks a significant step in consolidating Egypt’s position as a regional leader in sustainable energy, serving as a flagship initiative under the Nexus of Water, Food, and Energy Program (NWFE), according to a statement by the Cabinet. The first phase delivers 500 megawatts (MW) of solar capacity,…