EBRD and Egyptian Ministry Explore Green Initiatives for Petroleum and Mining Sectors
Key Ideas
  • Minister of Petroleum and Mineral Resources met with EBRD to discuss cooperation in reducing emissions and decarbonization, focusing on developing a low-carbon hydrogen strategy.
  • EBRD to provide technical assistance for emission measurement campaigns at petroleum facilities and support financing for renewable energy and energy efficiency projects.
  • Status of cooperation in mining sector also reviewed, with EBRD offering technical support for a nationwide geophysical survey to identify mineral deposits.
  • Discussion included provision of requirements for value-added projects in the mining sector, showcasing a holistic approach to sustainable development.
Minister of Petroleum and Mineral Resources, Karim Badawi, engaged in discussions with Harry Boyd and Heike Harmgart from the European Bank for Reconstruction and Development (EBRD) along with their delegation. The meeting aimed to strengthen collaboration between the petroleum sector and EBRD in tackling emissions and promoting decarbonization efforts. One key focus was the development of a low-carbon hydrogen strategy, with EBRD offering technical assistance for emission measurement campaigns in petroleum facilities. The parties also delved into securing funding for renewable energy and energy efficiency projects in the sector, aligning with environmentally friendly practices. The partnership extended to the mining sector, with EBRD providing support for a geophysical survey to identify mineral deposits, showcasing a comprehensive approach to resource management. Additionally, the dialogue emphasized the importance of value-added projects in mining, highlighting a commitment to sustainable growth and innovation in both sectors.
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