El Molla, Chevron Discuss Boosting Partnership

El Molla, Chevron Discuss Boosting Partnership

Minister of Petroleum and Mineral Resources Tarek El Molla met with Rochna Kaul, Chevron’s Vice President of Fuels and Lubricants for Europe, Africa, Middle East, South Asia, and Global Marine, along with her accompanying delegation, the ministry said in a statement.

The meeting discussed the company’s activity in the field of manufacturing base oils in Egypt and its future plans in light of the company’s strong desire to expand its activities and increase areas of cooperation with oil marketing companies.

During the meeting, El Molla said that Chevron has great experience in marketing oils in the Egyptian market, as it has been operating in Egypt for 83 years, and that there are great opportunities to increase cooperation with the petroleum sector and benefit from the expertise that the company possesses.

The Egyptian market is large, competitive, and able to absorb a wide variety of petroleum products, but the challenges of the current stage require forming partnerships and opening channels for cooperation between the various parties in the industry to meet these challenges for the benefit of all, the minister added.

El Molla welcomed Chevron’s desire to contribute to the oil and gas sector companies’ development of integrated fuel/refueling stations, which provide natural gas, liquid fuels, and other services. He recognized Chevron’s desire to increase its domestic production of base oils and contribute to increasing exports to global markets, highlighting that although these products come from an international company, they bear the “Made in Egypt” mark.

Meanwhile, Kaul stated that Egypt is a gateway to the African continent for Chevron’s exports and that the company seeks to make Egypt a pivotal center for its activities in the region, especially in the field of oils exports, as it aims to double its exports of base oils.

Chevron’s targeted partnership with Egyptian companies in the field of integrated stations provides great flexibility and represents a complete system with a distinct economic return for both sides. This indicates the possibility of expanding the partnership to include the fields of re-fueling cars with compressed natural gas (CNG) and refining, Kaul noted.

Sarah Samir 2790 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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