Egypt’s Minister of Petroleum and Mineral Wealth Karim Badawy asserted that “Egypt Gas” company has a clear and important role in implementing the six axes of the work strategy of the Ministry of Petroleum currently.
The company provides the needs of citizens for petroleum products at the least cost via increasing production, intensifying excavation programs and benefiting from the infrastructure and energies in the sector of refining, petrochemicals, gas lines networks, crude oil and products, Badawy said.
The company contributes to making a quantum leap in the sector of mineral wealth to increase contribution to local product in addition to restructuring energy mix in cooperation with the Ministry of Electricity and Renewable Energy which seeks to increase the percentage of renewable energy in the mix of Egyptian energy to reach 42% by 2030, Badawy said.
This came during Badawy’s participation in the activities of the general assembly of “Egypt Gas” to discuss and approve the outcome of the fiscal year 2024.
“Egypt Gas” has an important role in the axis of safety, vocational health, environment, sustainability and rationalizing energy due to its positive role in attracting investments via providing safe environment to maintain the safety of the workers, he said.
Badawy pointed out to the distinguished outcome achieved by the company whether in 2024 or in the previous years.
For his part, Chairman of Egypt Gas Wael Gowayed highlighted the activities of the company in 2024 coinciding with the passage of 42 years on its establishment in 1983.
Gowayed presented a documentary on the activities of the company where he shed light on the role of the company in the project of delivering natural gas to houses as well as commercial and industrial facilities.
