Egyptian Prime Minister, Sherif Ismail, met with Senior Shell Executive, Sami Iskander, in the presence of the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to discuss existing and potential opportunities in Egypt’s oil and gas exploration, reported Ahram Gate.
Spokesperson of the Presidency of the Egyptian Cabinet, Ashraf Sultan, stated that the meeting included a report about the company’s work in Egypt and the existing opportunities in gas exploration.
He added that the Ismail confirmed that the Egyptian oil and gas sector is a promising industry with a great future. Additionally, the government is keen to increase the profit of natural minerals and to better manage these resources. The government is also promoting mineral developments to attract further investments.
In late November, Egypt Oil&Gas reported that Shell had sustained its investments in Egypt through the past period, and was in early stages of evaluating WDDM results for future exploration prospects, according to a company’s statement. Shell Egypt’s CEO, Aiden Murphy, had said that results for the Burullus and Rosetta concessions were encouraging so far, but further evaluation is due in the upcoming period.