Egypt, Chevron to Expand Cooperation in Marketing, Distribution of Petroleum Products

Egypt, Chevron to Expand Cooperation in Marketing, Distribution of Petroleum Products

Minister of Petroleum and Mineral Resources Tarek El Molla met with Brant Fish, President of International products at Chevron Corp., who is currently visiting Egypt at the head of a high-level delegation of the company’s leaders.

This delegation includes Ram Kumar, Vice President of Chevron for Management and Development of Joint Venture Companies;  Danielle Lincoln, General Manager International products EAMEAAGM; and Anis Aboulnaga, Director and chevron Egypt downstream country manager.

The meeting discussed the activities of the company in the field of production, marketing and distribution of petroleum products, especially lubricating oils in Egypt.

Talks focused on  the company’s strong desire to expand this activity and transform Egypt into an export hub for the company’s products to the African continent and the ُُEast Mediterranean region.

During the meeting, El Molla confirmed that Chevron is a strategic partner of the petroleum sector and is currently expanding its operations in the field of research and exploration in its concession areas in Egypt and the East Mediterranean region.

El Molla noted that the Egyptian state attaches utmost importance to manufacturing and exporting activities that benefit the economy.

He added that Egypt enjoys an advantageous geographical position, advanced infrastructure, manufacturing capabilities, expertise, skills, and a large and diversified local market, which qualifies it to become a manufacturing and exporting hub for many products.

For his part, Fish confirmed that the company intends to pump large investments in Egypt, whether in the field of research and exploration or in the field of manufacturing oils and ship fuel.

Moreover, the company aims to expand the circle of consumers for its products inside and outside Egypt.

Fish pointed out that the company considers Egypt a gateway to the continent of Africa and the eastern Mediterranean region and seeks to make Egypt a hub for exporting the company’s products to these regions.

Fish praised the incentives offered by the Egyptian state and the Ministry of Petroleum and Mineral Resources to investors, and the distinguished investment opportunities that Egypt enjoys.

In addition, Fish stated that the opportunities for developing Chevron’s operations in Egypt are great and that it is currently preparing an ambitious export program that is in line with the Ministry’s goals and guarantees achieving benefits for all concerned parties, and that it will be presented during the coming period. He also indicated that Chevron is also working on preparing several projects for community development in its areas of operation in Egypt.

For his part, Anis Aboulnaga, Director and chevron Egypt downstream country manager, commented: “On the downstream side, we are proud of our history in Egypt and our 100% owned and operated lubricants blending plant in Six of October City and are working diligently to increase exports from our equity plant to help Egypt and your esteemed ministry realize its goal of becoming a regional hub for oil and gas trading.”

Sarah Samir 3231 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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