On the sidelines of the 23rd World Petroleum Conference, Minister of Petroleum and Mineral Resources Tarek El Molla met with Bechtel Chairman and CEO Brendan Bechtel to discuss the work progress of the Red Sea Petrochemical Complex, the Ministry said in a statement.
During the meeting, El Molla stressed the importance of this large-scale project, saying that it will maximize the added value of Egypt’s natural wealth. The complex, along with other major projects being implemented by the petroleum sector, will place Egypt among the petrochemicals-producing countries, El Molla noted.
Bechtel remarked that the Red Sea Complex is the largest project in the company’s portfolio at the time. Bechtel, in cooperation with Enppi and Petrojet, is committed to the specified timetables for the project, as well as to providing training programs for workers.
On another note, the two sides discussed preparations for the climate change conference COP27. In this regard, El Molla said that the sector is working closely with its foreign partners to implement a number of projects, which will accelerate the transition to more clean energy resources.