Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with a delegation from the UAE's Mubadala Investment Company, led by CEO Sheikh Mansoor Mohamed Al Hamed to discuss ways of boosting petroleum cooperation, as per a statement.

Badawi expressed Egypt’s willingness to expand areas of cooperation in the fields of oil and gas and draw in further Emirati investments.

The discussions reviewed Mubadala’s involvement in natural gas exploration, particularly in the Mediterranean’s Zohr and Nour fields and the Red Sea’s block 4.

The Emirati company expressed interest in the recent bid launched by the Egyptian Natural Gas Holding Company (EGAS) for gas exploration in the Mediterranean and Delta.

Furthermore, Al Hamed affirmed Mubadala’s commitment to exploring further opportunities in Egypt, highlighting the significance of its ongoing involvement in the Arab Petroleum Pipelines Company (SUMED).

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