The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a series of meetings with CEOs of international oil companies (IOCs) on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Amwal Al Ghad reports.

He met with the CEOs of Lukoil, Total, BP, Technip, and Petronas to discuss the development of new gas project in the Mediterranean Sea.

Recent discoveries in the Mediterranean Sea and Nile Delta are attracting foreign investments, El Molla noted.

Earlier during the conference, El Molla had noted that Egypt’s economic reforms had led to a significant increase in oil and gas exploration contracts, Egypt Oil & Gas reported.