Key Takeaways
- • Egypt's Minister of Petroleum and Mineral Resources, Eng. Karim Badawi, met with Sameh Shenouda, Executive Director and Chief Investment Officer of the Africa Finance Corporation (AFC), to discuss financing new projects.
- • Discussions covered oil, gas, refining, petrochemicals and mining projects, along with human capacity building and energy efficiency.
- • The minister stressed expanding partnerships with international financing and investment institutions to support petroleum and mining development plans.
Summary
Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sameh Shenouda, Executive Director and Chief Investment Officer at the Africa Finance Corporation (AFC), and an accompanying delegation, according to the Ministry of Petroleum and Mineral Resources. The discussion centered on opportunities to strengthen cooperation in financing and implementing a number of new projects across the oil, gas, refining, petrochemicals and mining sectors.
The talks also addressed cooperation in human capacity building and improvements in energy efficiency. The Ministry's account does not disclose specific project names, financing amounts, or timelines, and no commitments or agreements were announced in the statement.
The minister emphasized the importance of expanding partnerships with international financing and investment institutions. He said such partners could leverage their expertise and financing capabilities to support development plans for the petroleum and mining sectors. The meeting signals Egypt's continued effort to broaden its external financing base for hydrocarbon and mineral projects.
The talks also addressed cooperation in human capacity building and improvements in energy efficiency. The Ministry's account does not disclose specific project names, financing amounts, or timelines, and no commitments or agreements were announced in the statement.
The minister emphasized the importance of expanding partnerships with international financing and investment institutions. He said such partners could leverage their expertise and financing capabilities to support development plans for the petroleum and mining sectors. The meeting signals Egypt's continued effort to broaden its external financing base for hydrocarbon and mineral projects.
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