Egyptian Minister for Petroleum and Mineral Resources, Eng Karim Badawi, has held a bilateral meeting with Lorenzo Simonelli, the CEO of Baker Hughes International Company, on the sidelines of the Egypt International Energy Conference 2025.
The meeting aimed to review Baker Hughes’ projects and plans for business development in Egypt’s oil and gas sector.
During the session, the participants discussed cooperation in various areas, including production from new fields, exploration, energy transformation projects, emissions reduction and geothermal energy.
The Ministry’s efforts to maintain a sustainable supply of fuel and natural gas to the local market were also highlighted.
Mr Simonelli expressed his appreciation for the successful partnership with the Egyptian oil sector, citing the crucial role of the Egypt Digital Portal in providing outstanding investment opportunities.
He also announced Baker Hughes’ plans to cooperate with private sector partners in thermal energy projects in the Gulf of Suez, Sinai and Eastern Desert regions.
The meeting demonstrates Egypt’s commitment to strengthening its oil and gas sector through international partnerships and digital transformation.
With the Egypt Digital Portal playing a vital role in attracting investments, Egypt is poised to become a regional hub for energy production and export.
Source: https://energynewsafrica.com
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