Arab Finance: Egypt's Minister of Petroleum and Mineral Resources Karim Badawi met with the CEO of Baker Hughes Lorenzo Simonelli and his delegation to discuss ongoing projects in the oil and gas sector and future plans to enhance energy transformation, as per a statement.

Key areas of interest included reducing emissions, flare gas recovery, and diversifying energy sources, such as geothermal energy.

Badawi highlighted the ministry's commitment to advancing the petroleum and mining sectors through continuous development, including recent measures and incentives to boost production.

He expressed support for initiatives that foster digital transformation and environmental excellence, viewing these as essential for industry progress.

Simonelli affirmed Baker Hughes' dedication to supporting the petroleum sector, aligning with the ministry's vision of providing clean, affordable energy.

He emphasized the company's role in offering technologies to enhance production rates, optimize recovery from aging fields, and advance smart flare gas recovery.

Simonelli also praised the ministry's efforts to streamline processes, reduce procedural hurdles, and support energy diversification through initiatives like the Egypt Digital Portal for Exploration and Production, which facilitates global auctions and investment opportunities.

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