Egypt Boosts Energy Collaboration and Sustainability at Mediterranean Offshore Conference
Key Ideas
  • Minister Bedawi oversaw the signing of strategic MoUs focusing on operational safety, energy efficiency, carbon reduction, and transportation of natural gas and hydrogen.
  • Partnerships with international companies like Greece's DESFA and US-based BakerRisk aim to enhance cooperation in areas such as carbon capture, storage, and leadership development in health, safety, and environment.
  • The agreements highlight Egypt's commitment to becoming a regional energy hub by fostering knowledge exchange, joint investment opportunities, and leadership training in sustainability and safety.
  • These collaborations reflect Egypt's dedication to advancing sustainability efforts on a global scale, positioning the country as a key player in the energy sector.
During the Mediterranean Offshore Conference (MOC) in Cairo, Egypt's Minister of Petroleum and Mineral Resources, Karim Bedawi, oversaw the signing of four strategic memorandums of understanding and cooperation agreements between Egypt's petroleum sector and international companies. These agreements aim to boost collaboration in key areas such as operational safety, energy efficiency, carbon reduction, and the transportation of natural gas and hydrogen. Among the notable partnerships, the agreement between EGAS and Greece's DESFA focuses on studying carbon capture and storage technologies. GASCO also signed an MoU with DESFA to strengthen cooperation in natural gas, hydrogen transport, carbon capture, and sustainable energy storage, positioning Egypt as a regional energy hub. Additionally, an MoU was signed between GASCO and US-based BakerRisk to enhance operational safety, energy efficiency, and carbon reduction, including software development and knowledge sharing. The final agreement between EGPC and Shell emphasizes leadership training in health, safety, and environment, showcasing Egypt's commitment to sustainability and safety. These collaborations showcase Egypt's efforts to enhance energy collaboration on a global scale, reinforcing its leadership in sustainability and safety in the energy sector.
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