Minister of Petroleum and Mineral Resources, Tarek El Molla, held several meetings with oil and gas leaders on the sidelines of the 23rd World Petroleum Congress, the ministry said in a statement.
El Molla’s meetings included talks with Chevron International Chairman and CEO Mike Wirth, Cypriot Minister of Energy Natasa Pilides, President of Chevron International Company for Exploration and Production Clay Neve, and ExxonMobil Vice President for Research and Exploration John Ardill.
El Molla’s discussions with Pilides and Neve involved the development of the Aphrodite gas discovery in Cyprus to accelerate plans to produce and transport gas to Egypt. Egypt will then use its facilities to liquefy the gas and re-export it to other markets. The meeting reviewed intensifying cooperation in the energy field, as one of the important areas for the two countries.
The meeting with Wirth reviewed Chevron’s activities in Egypt and its plans to increase exploration activities in its concession areas in the Western Mediterranean and the Red Sea. The meeting also discussed the company’s plans to raise the quantities of gas transported to Egypt from the Eastern Mediterranean fields for re-exporting via Egypt’s liquefaction plants, making Egypt a regional energy hub.
During a meeting with El Molla to review ExxonMobil’s activities in Egypt, Ardill stated that Egypt is among the top priorities for the company. He highlighted that ExxonMobil is keen to accelerate its exploration plans, in light of Egypt’s attractive investment climate and its robust infrastructure. Meanwhile, El Molla stated that there are many opportunities for cooperation between the two sides in the exploration and production field, as well as the opportunities offered by regional integration made possible because of the East Mediterranean Gas Forum (EMGF).