Arab Finance: Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, held a joint talks session with Eng. Adeeb Youssef Al -Ami, CEO of the International Islamic Foundation for Trade Finance, and his accompanying delegation; Where the discussion of strategies for enhancing cooperation between the oil and the institution took place during the next stage.
Badawi stressed that the Foundation represents a strong supporter for the various vital sectors in Egypt, and its support is not limited to the oil sector, and expressed his desire to expand the scope of cooperation to include the mining sector, which is currently witnessing promising radical transformations that attract huge investments and make a qualitative shift in its performance.
For his part, Eng. Adeeb Youssef expressed his thanks and gratitude to the engineer Karim Badawi for the warm reception on his first official visit to Egypt, stressing the commitment of the institution to continue to provide integrated financing and commercial solutions to meet the needs of the energy sector in Egypt; He expressed the organization's readiness to support the Egyptian General Petroleum Authority in implementing new projects in the fields of oil and gas.
He pointed out that the volume of funds provided by the Foundation to the Egyptian General Petroleum Corporation during the year 2025 amounted to about 1.455 billion dollars, with the aim of supporting Egypt's efforts in securing its petroleum products needs, in a way that contributes to the stability of the national economy and enhancing the ability of industrial and service sectors, and keeps pace with the institution's vision in ensuring energy security as a basic pillar of sustainable development.
During the meeting, the minister also reviewed the recent efforts made by Egypt to develop its infrastructure and enhance the confidence of investors, not only with the aim of increasing production, but to create an added value and an economic return higher than raw resources, noting the agreement signed with Cyprus on the extension of Cyprus gas to Egypt and its liquidation, allowing it to re -export it to Europe and benefit from it in the industrial sector.
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