19 Hrs
Source:
المصدر
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Egypt-Korea Oil Talks
Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and Korea National Oil Corporation President Son Joo-seok met on the sidelines of ADIPEC 2026 to discuss boosting Korean investment in Egypt and exploring cooperation in petroleum-product storage and trading. The discussions drew on the corporation’s expertise in managing strategic reserves and Egypt’s infrastructure. They also discussed stepping up drilling and applying enhanced oil recovery technologies in four areas in the Gulf of Suez and Western Desert, as well as cooperation in training, artificial intelligence and digital solutions. The two sides agreed to hold a technical meeting to explore ways to increase production in areas operated by Dana Petroleum and PetroNefertiti, and to develop targeted training programs for 2027.
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