Engineer Karim Badawi participates as a major speaker in a forum "Energy and economics"
In the framework of the activities of the second day of the Sirawik 2025 week in Houston, Texas, the American state of Texas,
Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, participated as a major speaker in the Forum & quot; Energy and Economics in Africa & quot; Headed by US Energy Minister Chris Wright, and the presence of a number of energy ministers in African countries (Equatorial Guinea, Nigeria, Namibia, Cote d’Ivoire, Angola, Morocco and Libya) and senior officials of the World Bank and the European Union as well as a number of heads and senior officials of international companies operating in the field of oil and energy (Eni, Anglo American, Aquinor, Carlel, and Tavorra, Vitol). The role of regional integration in supporting investment opportunities, promoting competitiveness, facilitating the reorganization of the global supply chain. And highlighting the huge investment opportunities in the energy sector, starting with hydrocarbon and minerals to the generation of traditional and renewable energy,
in addition to transportation and distribution. And emerging technologies such as carbon capture, use and storage CCUS, hydrogen, nuclear energy and the use of artificial intelligence technologies in various stages and energy industry. The attendees also touched on the local reforms adopted by the governments of African countries from the creation of institutional structures, organizational frameworks and financial policies, and reviewing the main challenges facing the continent, on top of which is the growing global market fluctuations, and the input capital flows that are still very sensitive to uncertainty about energy policies. And the ways that African companies and governments can overcome these obstacles and benefit from their strengths to unleash investments across the value chains of energy on the continent. He also stressed the United States’ commitment to providing technical support and transferring expertise and technology in the field of energy to advance and advance the energy industry, pointing to the United States’s plans to provide support and enhance energy cooperation with African countries, led by Egypt. For the sector with the aim of addressing the lack of production and meeting the increasing demand for energy sources, which contributes to advancing the country’s economic growth. And update the conditions of concession agreements, communicate with partners to discuss the best ways to schedule and pay the late dues and offer a motivational package to increase production, and closely follow up to solve any challenges or obstacles facing our partners in cooperation with the various ministries concerned with the government with the aim of providing an attractive climate for investments in the energy sector. For exploration and production Eug. In addition to the exploitation of Egypt’s strategic location to increase integration and regional cooperation and maximize the benefit of infrastructure in a way that achieves mutual benefit. And the World Bank in the areas of carbon removal and carbon capture, use and storage of carbon. Investments needed for that.
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