The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Snam Company’s CEO, Marco Alvera, to discuss the opportunities and areas of cooperation during the coming period, Egypt Oil & Gas reports.
The meeting comes in light of the growth of oil and gas activities in Egypt and the implementation of an integrated program to transform Egypt into an oil and gas regional trading hub.
Snam is specialized in the implementation and integrated management of natural gas infrastructure in Italy and in the European continent, El Molla stated, adding that the company can play a role in Egypt’s regional hub strategy due to its experience in this field.
During the meeting, Alvera reviewed the fields in which the company operates across the world, as the company is operating in more than 75 countries.
Alvera said that it would be possible to increase cooperation with the Egyptian oil and gas sector during the coming period, especially after the recent economic and legislative reforms such as the new gas market regulatory law.