Egyptian Minister of Petroleum, Tarek El Molla, met with delegations from several international oil companies, including US-based Halliburton, French Total and the French Institute of Petroleum, to discuss expanding their investment scope in Egypt, Al Shorouk reported.
Total is looking forward to increase its investments at North El Hammad concession in the Mediterranean , while the French Institute of Petroleum showed interest in getting into the Egyptian market.
On his side, Chairman of Halliburton, David J. Lesar, mentioned that the company is committed to its operations in technology, training, and boosting machinery’s efficiency.
El Molla further discussed potential corporation in the field of mineral resources with a number of Canadian companies , in the presence of the Canadian Ambassador to Cairo, Troy Lulashnyk. The Minister highlighted the positive impact of the ongoing economic reform program in Egypt on attracting foreign investments.
In addition El Molla mentioned the successful gold bidding held recently in Egypt , inviting the Canadian companies to participate in this promising investment environment.