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بوابة الفجر
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بوابة الفجر

2026-11-07T11:02:14.000Z

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بوابة الفجر

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Oil Finance Ties to Grow

Oil Finance Ties to Grow

Minister of Petroleum and Mineral Resources Karim Badawi discussed with the African Finance Corporation opportunities to expand their partnership and finance oil, gas, refining, petrochemicals and mining projects, with a view to accelerating implementation, increasing production and maximizing value added. The talks covered support for exploration activities and the development of refining and local phosphate processing into products such as phosphoric acid and fertilizers, with no new contracts to be signed for exporting phosphate in its raw form. The two sides also discussed workforce training and improving energy efficiency. The Corporation expressed interest in financing mining projects and start-ups.

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