President Abdel Fattah Al-Sisi has called for boosting Egypt’s cooperation with the Italian giant Eni and for removing any obstacles that may face the company’s business, according to Egypt’s Presidential Spokesperson, Bassam Rady.
This came during a meeting with Claudio Descalzi, CEO of Eni; Mostafa Madbouly, Prime Minister; and Tarek El Molla, Minister of Petroleum and Mineral Resources. The president commended Eni’s collaboration with Egypt, expressing his support for the company’s continued expansion in its investments in Egypt’s exploration and production (E&P) activities. Al-Sisi praised Eni’s meticulous commitment to implement its projects, stressing the state’s interest to develop this vital sector.
For his part, Eni’s CEO applauded Egypt’s stance in supporting Italy during the pandemic as well as its success in implementing the precautionary measures in oil and gas production sites. Descalzi affirmed Egypt’s importance as a partner to Eni on a global level and his keenness to develop the company’s E&P activities in Egypt, especially in the western region and the Red Sea.