Egypt and UAE Strengthen Energy Partnership Through Strategic Oil and Gas Cooperation
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with UAE Minister of Industry and Advanced Technology Dr Sultan Al Jaber to explore enhanced cooperation opportunities across the oil and gas sector. The discussions reflect growing economic ties between the nations and shared interests in developing regional energy potential.
Badawi emphasized Egypt’s commitment to advancing joint strategic projects with the UAE, highlighting the countries’ deepening economic relationship and collaborative approach to energy development. The meeting included Naser Saif Al Yafei, CEO of UAE-based Arcius Energy, who reaffirmed the company’s commitment to expanding its investment presence in Egypt.
Al Jaber confirmed the UAE’s intention to implement long-term projects aligning with broader investment strategies in Egypt’s energy market. The discussions occur amid rising regional focus on energy security and collaborative development initiatives across the Middle East and North Africa.
Al Yafei pointed to untapped potential in the Eastern Mediterranean, citing promising undiscovered resources and fresh exploration opportunities as key drivers for Arcius Energy’s investment ambitions in Egypt. The company sees significant potential for growth in Egypt’s evolving energy landscape.
The meeting represents continued strengthening of economic and strategic cooperation between Egypt and the UAE, particularly in high-potential sectors including hydrocarbons and infrastructure development. Both nations are pursuing enhanced collaboration to maximize regional energy resources and development opportunities.
Source: oilandgasmiddleeast.com
