bp to Pump New Investments into Egyptian Natural Gas

bp to Pump New Investments into Egyptian Natural Gas

Anja Dotzenrath, the Executive Vice President of Gas and Low Carbon Energy at bp has expressed the company’s readiness to expand its business and pump new investments in Egypt, especially in the field of natural gas in the Mediterranean region.

This came during her meeting with the Minister of Petroleum and Mineral Resources Tarek El Molla where they discussed the company’s activities in its concession areas in Egypt and the latest developments of the discovered wells in addition to its drilling campaigns in order to increase natural gas production rates. 

She also expressed her interest in strengthening cooperation with Egypt, noting the company’s projects in oil and gas exploration and production as well as its efforts in emissions reduction, green energy, and sustainability. 

During their meeting, El Molla outlined that bp has been a strategic partner for the Egyptian petroleum sector over the years in the strategic petroleum projects in Egypt and positively contributes to oil and gas exploration and production (E&P) activities. He emphasized the sector’s commitment to resolve any obstacles for the foreign partners and support the joint work as part of the integration system. 

Also, the meeting witnessed discussions on the efforts of carbon emissions reduction in light of the global trend towards carbon emissions reduction. In this context, El Molla stated that EGYPES in its new edition to be held in February has been transformed this year to include all types of energy and it will witness wide discussions on this topic. 

 

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