Egypt, Cyprus discuss strengthening energy cooperation

Egypt and Cyprus are deepening their energy ties, with a particular focus on accelerating joint natural gas projects and expanding cooperation in the mining sector. Petroleum Minister Karim Badawi met with Cypriot Ambassador Polly Ioannou to discuss these initiatives.

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The projects will strengthen Egypt’s role as a regional energy hub, support regional energy security and increase gas exports to European markets.

Badawi highlighted the steady progress in developing Cypriot gas fields and integrating them with Egypt's existing infrastructure through international partnerships. He emphasized that these projects will solidify Egypt's role as a regional energy hub, bolster energy security, and boost gas exports to European markets.

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cooperation with Cypriot companies is expected to grow as investment opportunities expand.

The minister also pointed to recent reforms improving Egypt's mining investment climate, which have attracted new international interest. He anticipates growing cooperation with Cypriot companies as investment opportunities expand.

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the company plans to expand its operations.

Discussions also covered the potential return of Cyprus-based FMC to resume gold and mineral exploration in Egypt's Eastern Desert. Ambassador Ioannou indicated that FMC plans to expand its operations, and another Cypriot firm is evaluating investment prospects in Egypt's marine bunkering sector. The meeting concluded with Badawi thanking Ioannou for her efforts in strengthening bilateral relations.

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another Cypriot company is studying investment opportunities in Egypt’s marine bunkering sector.