The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has represented Egypt at the Rome 2017 Mediterranean Dialogue, through the part he has taken in the 3rd Edition of Ministerial Dialogue Session about ‘”Energy for Peace: Turning Challenges into Opportunities”, Egypt Oil & Gas reports.

Egypt is going through a very challenging period of its history, in which the country eyes establishing a modern state based on social justice, and to give its people more developed scopes of welfare as Egypt already own the natural resources and human capital required to do so, El Molla highlighted, adding that the Egyptian economy has faced several challenges in the last few years, including the necessity to encourage oil and gas exploration and production (E&P) investments in order to make new discoveries and boost production to meet growing energy demands.

The Egyptian government is dealing with these challenges through an economic reform program that includes EGP floatation, restructuring the energy sector, and developing investment climate in all sectors in general, and oil and gas sector in particular, in order to attract more investments.

Egypt is moving forward on its road to reach natural gas self-sufficiency and boosting its crude oil and natural gas output through making more E&P activities and adding new discoveries to its production map, as well as increasing the efficiency of producing well, El Molla stated.