Minister of Petroleum and Mineral Assets Karim Badawi affirmed on Tuesday, Would possibly 12, 2026, the intensity of ties between Egypt and Norway, praising Norway’s pioneering enjoy in managing power assets and creating generation, in addition to the position performed through main Norwegian corporations as outstanding fashions in each standard and renewable power sectors.
The remarks got here right through a gathering held between the petroleum minister and Norwegian Ambassador to Egypt Erik Husem, right through which they mentioned approach of supporting the strategic partnership between the 2 international locations within the power sector, in particular within the fields of inexperienced transition, carbon emissions relief and the growth of sustainable power initiatives, along with exploring alternatives to draw investments from Norwegian corporations in gasoline exploration actions in Egypt.
The minister pointed to Egypt’s passion in attracting main Norwegian corporations to function in gasoline exploration actions within the nation, fundamental amongst them Equinor. The assembly reviewed the corporate’s funding alternatives in exploration, prospecting and manufacturing actions within the Mediterranean Sea and the Crimson Sea, in mild of the promising alternatives presented through those spaces.
He defined that Egypt’s petroleum sector puts decarbonization initiatives amongst its strategic priorities, given the rustic’s infrastructure, herbal reservoirs and regulatory and legislative efforts that qualify it to put into effect carbon seize, usage and garage (CCUS) applied sciences, contributing to lowering the carbon footprint and adorning the competitiveness of Egyptian exports in Ecu markets amid the worldwide shift towards a low-carbon economic system.
For his phase, the Norwegian ambassador expressed delight within the current cooperation with Egypt, declaring his nation’s passion in supporting power transition efforts, in addition to the readiness of Norwegian corporations to switch experience and fashionable applied sciences to the Egyptian marketplace.
He praised the trade type introduced through Scatec in inexperienced hydrogen and inexperienced ammonia initiatives in Egypt, in addition to the present cooperation between Scatec, Yara World and Egypt’s MOPCO, affiliated with the petroleum sector, within the inexperienced ammonia undertaking in Damietta.
The 2 aspects agreed to formulate particular cooperation tracks for the following 5 years.
On the conclusion of the assembly, the petroleum minister welcomed the invitation prolonged to him through the Norwegian ambassador to take part within the world ONS Convention in Stavanger subsequent August, in a step geared toward improving technical and funding discussion between the 2 aspects.
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