Minister of Petroleum and Mineral Resources Karim Badawi met Cypriot Ambassador to Egypt Polly Ioannou to discuss accelerating joint natural gas projects and expanding cooperation in the mining sector. Badawi said that Egypt and Cyprus have made steady progress in developing Cypriot gas fields and connecting them to Egypt's gas infrastructure through partnerships with major international energy companies.
He said that the projects will strengthen Egypt's role as a regional energy hub, support regional energy security and increase gas exports to European markets. The minister also reviewed recent reforms aimed at improving Egypt's mining investment climate, saying they have attracted new international interest.
He added that cooperation with Cypriot companies is expected to grow as investment opportunities expand. The two sides also discussed the return of Cyprus-based FMC to resume gold and mineral exploration in Egypt's Eastern Desert, while Ioannou said the company plans to expand its operations.
She added that another Cypriot company is studying investment opportunities in Egypt's marine bunkering sector. At the end of the meeting, Badawi thanked Ioannou for her efforts to strengthen Egypt-Cyprus relations ahead of the conclusion of her diplomatic mission.
The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital