Minister of Petroleum and Mineral Resources Tarek El Molla met with officials from EOG Resources, one of the leading US companies in the field of research and production, especially in non-traditional production methods, on the sidelines of CERAWeek, the ministry said in a statement.
The meeting included J Pat Woods, President of the International Business of the company, and Joe Korenek, Vice President of Business Development.
The company’s officials expressed its desire to start investments in Egypt for the first time for research and production of oil and gas, in light of the company’s plans to exploit promising opportunities to increase production.
For his part, the minister welcomed the interest shown by the company to invest in the oil and gas sector in Egypt. El Molla called for holding an expanded meeting soon to discuss technical aspects and evaluate the opportunities and options available to the company to invest in Egypt.