Eng. Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, took part in the 46th session of the African Petroleum Producers Organization (APPO) Council of Ministers held in Yaoundé, Cameroon. This significant meeting brought together eight Petroleum and Energy Ministers from APPO member countries to discuss critical issues shaping Africa’s oil and gas sector.
The ministerial meeting reviewed the organization's most significant activities over the past period, notably the progress on establishing the African Energy Bank, whose founding agreement was signed at the headquarters of the Egyptian Ministry of Petroleum and Mineral Resources in Cairo in June 2024. Moreover, as the host country for the bank's headquarters; Nigeria clarified that preparations are underway for the bank’s inauguration in January 2025, in accordance with the agreement among member states.
The agenda also included enhancing regional and continental cooperation, promoting sustainable energy development, and addressing Africa's energy access and financing challenges amid the global energy transition. Eng. Badawi emphasized Egypt's commitment to supporting African energy development by presenting the capabilities of Egyptian companies across the entire oil and gas value chain, aiming to aid member countries in advancing their sectors. He further highlighted strategies to foster African collaboration for optimal and timely resource utilization, benefiting the continent’s people.
Additionally, the Minister met with Mr. Omar Farouk, the Secretary-General of the organization, to discuss the organization’s activities and its key achievements. The Minister affirmed Egypt’s support for all the organization's endeavors. On the sidelines of the session, the Minister also held meetings with his counterparts, the petroleum and energy ministers from African nations, to discuss opportunities for bilateral cooperation. The Egyptian Ministry of Petroleum and Mineral Resources delegation also included Eng. Moataz Atef, Undersecretary for the Technical Office and Ministry Spokesperson, and Mr. Mohamed Samir, General Manager at the Ministry Technical Office.
