El Molla, Looney Discuss bp’s Investment Plans in Egypt

El Molla, Looney Discuss bp’s Investment Plans in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla met with Bernard Looney, CEO of bp, on the sidelines of CERAWeek, the ministry said in a statement.

The meeting reviewed the British company’s projects and investment plans in Egypt in the field of research and exploration for oil and gas with the aim of increasing production.

Looney expressed his company’s interest in strengthening its strategic partnership with the Egyptian petroleum sector by exploring investment expansion in research and exploration activities, stating that Egypt had a unique experience in developing its energy sector and enhancing its infrastructure to attract investors and major companies.

Looney further highlighted bp’s aspiration to extend its long-term partnership with Egypt as the company enjoyed more than 60 years of success in the country.

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Sarah Samir 3498 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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