Capacity building as well as developing effective and efficient human resources were on top of Egypt’s agenda while preparing for vision 2030. In this regard, the Egyptian government is undertaking a series of investments, capacity building, and training programs which were closely followed up by the political leadership.
While vying for significant economic reforms, Egypt set a target to fulfill sustainable development goals (SDGs). For both ends, the country launched in 2016 its long-term strategic plan, “Egypt Vision 2030”, which aims to meet SDGs goals in all fields, including the energy sector. Energy is the second pillar of the vision that aims to provide energy needs while maximizing the efficiency of the various traditional and renewable energy resources.
Cairo, March 14, 2022 – Methanex Corporation Senior Vice President Brad Boyd today met with H E Minister of Petroleum and Mineral Resources Tarek El-Molla. The meeting was attended by Mohamed Shindy, Methanex Egypt Managing Director, Eric Oechslin International Labor Organization Cairo Office Director and representatives of the ILO and the Canadian Embassy in Cairo. The meeting was held to celebrate the most recent milestone of the Methanex-ILO Project ‘Decent Jobs for Egypt’s Young People – Tackling the Challenge Together in Damietta’ – a protocol agreement held with the Chamber of Food Industries of the Federation of the Egyptian Industries, providing Training for Employment to 100 young women and men from Damietta, to be employed by food enterprises in the Governorate of Damietta.
Pursuing a career in the oil and gas industry might seem challenging to women. The industry is known as male-dominated because of the weak representation of women, who also might find it difficult to get promoted as they were subject to the social paradigms that limit women to their role as caretakers of households and unable to be flexible with the work conditions of the sector. However, today, many cases proved that women are up to the challenging circumstances of the energy industries as their inclusion brings benefit to the institutions, they are part of.
As Egypt eyes attracting more investments to the oil and gas sector, the Egyptian General Petroleum Corporation (EGPC) launched a tender in November 2018 for establishing the country's first petroleum exploration and production (E&P) digital data repository. The Egyptian Upstream Gateway (EUG) is a national data bank, which comes as a part of the oil and gas sector’s Modernization project.
The Egyptian oil and gas sector launched the first digital upstream platform, the Egypt Upstream Gateway (EUG), taking a wide step towards the digital transformation of the upstream sector. The EUG was established to be a giant exploration and production (E&P) national data repository that helps the sector accelerate its E&P business and attract investments through launching digital international bid rounds.
In a world that is undeniably digital, the Egyptian oil and gas sector is advancing through the digital transformation program, which comes as the seventh pillar of a modernization project. The program aims to transform the oil and gas sector into one that operates digitally on a wider scope.
During the past few months, Egypt witnessed several discoveries in its desert. This came after giving more attention to exploring the desert. Supporting this plan, the Ministry of Petroleum and Mineral Resources (MoP) has launched an exploration and production (E&P) bid round in February included blocks from the Western Desert. Most of Egypt’s crude production comes from its deserts. According to data released by the MoP, the country produces crude oil from its deserts that equaled 67.5% of its total production until 2019. Thus comes the necessity to keep desert fields a safe workplace and guarantee sustainable production at the same time.
Realizing that energy security and carbon neutrality should be two sides of the same coin, Egypt has linked national development plans, especially those concerning energy transition and energy efficiency (EE), with carbon reduction opportunities. Notably, the move comes within the framework of Egypt’s vision for 2030, which reflects the country’s long-term strategic plan to achieve the Sustainable Development Goals (SDGs).
In May 2021, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that Egypt has become one of the most growing Arab exporters of liquefied natural gas (LNG) during Q1 2021.
