Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with a delegation from IBM to discuss joint cooperation between the two sides in light of the petroleum sector’s interest in artificial intelligence applications and the provision of technological solutions, as IBM is one of the trusted service providers in this framework.

El Molla stressed the importance of working to provide the petroleum industry needs in all its aspects of solutions that keep pace with modern technologies and enable it to achieve its goals in sustainable development and digital transformation, and to develop and modernize the work and petroleum production system. He pointed out that the petroleum sector’s cooperation with IBM is not only a historical one, but rather an extended one.

He also added that there is currently cooperation in the implementation of ERP and SAP programs, and we look forward to seeing integrated results in linking the sector system that serve the work strategy and provide full support in achieving the goals. He stressed the importance of having a single system that serves to achieve results, speed performance and provide data, which contributes to supporting decision-making.

During the meeting, Marwa Abbas, General Manager and Technology Leader of IBM Egypt, noted the importance of the digital transformation project implemented by the Ministry of Petroleum and Mineral Resources and what it achieves from good results. She also affirmed the company’s commitment to providing distinguished solutions in data analysis, and the use of advanced systems of artificial intelligence in the analysis of geological samples.