BRICS LIFE

29.06.2612:00 Economy

BRICS expansion signals growing interest from Global South

25.06.2619:00 Economy

New Development Bank in age of technological revolution: outcomes of Moscow meeting

17.06.2617:00 Ecology

BRICS climate resilience: what can stop expansion of drought-affected lands?

ALL ARTICLES

TV BRICS INSIDE

30.06.2612:00 Society

Latin American countries establish media cooperation with BRICS via TV BRICS

25.06.2611:30 Society

Argentina’s media outlets show growing interest in BRICS agenda

16.06.2618:30 Society

Ethiopian Broadcasting Corporation begins cooperation with TV BRICS

ALL ARTICLES

01.09.24 16:45

Economy

Egypt's official announces new incentives to boost oil and natural gas production

The initiative is a key priority for the sector

Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, unveiled a new package of incentives aimed at increasing oil and natural gas production. The initiative is a key priority for the sector and is being implemented in collaboration with partners involved in exploration, drilling and production activities.

At the meeting, Badawi emphasised that the move shows the sector's commitment to improving the investment climate. The main objective is to attract more investment, which is necessary to increase oil and gas production.

The minister detailed the new mechanisms that will help significantly increase production levels as well as boost exploration and development drilling. This is reported by Daily News Egypt, a partner of TV BRICS.

In another initiative, Egypt's Ministry of Petroleum and Mineral Resources announced a new international tender for 2024 for natural gas and oil exploration in 12 areas in the Mediterranean Sea and the Nile Delta.

Badawi explained that this tender contributes to Egypt's broad strategy to increase exploration in the Mediterranean Sea, where there is a growing interest in discoveries and increasing production of natural gas, which is becoming an important part of the local and global energy mix.

Photo: Daily News Egypt

MORE ON THE TOPIC

30.06.2615:00 Economy

Egg production in Kyrgyzstan rises by almost 25% in first quarter of 2026

29.06.2617:00 Economy

Xi Jinping during talks with Aleksander Lukashenko in Beijing: Belarus-China relations reach historic high

29.06.2612:00 Economy

BRICS expansion signals growing interest from Global South

28.06.2610:00 Economy

Ethiopia boosts wheat production and advances innovation-led development

27.06.2612:00 Economy

Indonesia ranks as ASEAN leading rice producer

26.06.2618:40 Economy

Kazakhstan regards Thailand as key partner for expanding cooperation with ASEAN countries

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

1 out of

PODCASTS

23 minutes 27 sec.

Deputy Chairperson of Gauteng Provincial Legislature of South Africa, Thulani Kunene: "We want to learn from Moscow's experience in organising public transportation system"

30 minutes 39 sec.

Director, Producer, documentary filmmaker, Johan Badenhorst: "BRICS countries offer massive opportunity for tourism"

24 minutes 26 sec.

Director General of Independent Evaluation Office of New Development Bank, Ashwani Muthoo: "Harmonisation of methodologies in evaluation for projects is critical"

ALL PODCASTS

Categories

PROGRAMMES

PROJECTS

COMPANY

SHOW TV BRICS

TV BRICS IN SOCIAL NETWORKS

TV BRICS APPS

«Lеt's be clear»

«City of stories»

«BRICSreport»

«BRICSterview»

BRICS LIFE

TV BRICS INSIDE

Egypt's official announces new incentives to boost oil and natural gas production

MORE ON THE TOPIC

PODCASTS