Hamdi Al Banbi, Egyptian businessman and politician, Died at 80

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Hamdi Ali Abdul Wahab Al Banbi was born on October 4, 1935, and died on August 11, 2016.

He was an Egyptian businessman and politician.

Banbi served as oil minister from 1991 to 1999.

He studied petroleum engineering at Texas A&M University and graduated in 1963.

Hamdi served as the chairman of the Egyptian General Petroleum Corporation until 1991.

Al Banbi was appointed oil minister on 20 May 1991 to the cabinet headed by then prime minister Atef Sedki.

Banbi replaced Abdel Hadi Qandil as oil minister.

A little while after his appointment, Banbi modified oil pricing of Egypt and also, reshuffled officials at the ministry.

When he left office, Banbi became the coordinator of the energy committee for the national economics and production authority in Egypt.

Al Banbi was also the president of the Arab society for mining and petroleum and the Egypt’s gas society.

Also to that, he was a board member of the Egypt’s engineering society.

He founded TAQA Arabia in 2006, and serves as the chairman of the firm.

He was a member of the Petroleum Engineering Academy of Distinguished Graduates at Texas A&M University.

Hamdi Al Banbi passed away at 80 years old.