El Molla in Talks with Foreign IOCs Delegations

El Molla in Talks with Foreign IOCs Delegations

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.

Mahinaz El-Baz 317 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


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