El Molla Calls for Innovative Approaches to Increase Petroleum Production

El Molla Calls for Innovative Approaches to Increase Petroleum Production

Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that the current period needs innovative solutions and efforts to increase petroleum production amidst high global oil prices and the sector’s commitment to supporting the national economy.

El Molla’s remarks came during a meeting he held in Khalda Petroleum Company’s fields in the Western Desert to review the working plan for several petroleum companies. He confirmed the necessity of implementing production and development programs in addition to the continuous follow-up for these programs.

El Molla stressed achieving the ministry’s strategy of boosting production, securing the working places and leveraging operation efficiency. He also noted the key role of the Egyptian petroleum sector’s partners to cooperate in using the available opportunities for investments in Egypt.

The Minister has listened to a number of the sector’s companies chairmen, who explained the current state of production and their plans up to the end of the fiscal year (FY) to increase short-term, medium-term and long-term production.

 

 

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