El Molla Met with IOCs

El Molla Met with IOCs

On the sideline of inaugurating pavilions of Egypt-based Enppi and Petroleum Projects and Technical Consultations Company (Petrojet) organizations in Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 in early November, the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with heads of International Oil Companies (IOC) to discuss  investment potentials in the Egyptian oil and gas sector, reported Amwal Al Ghad.

Throughout the meetings, El Molla presented investment opportunities in the fields of exploration, drilling, petrochemicals, and refining projects, along with the methods of increasing local production from petroleum resources.The minister explained that Egypt owns a wealth of prominent investment opportunities in the oil and gas industry,  with distinguishable opportunities in mineral resources field as well.

El Molla also met with the Chairpersons of UK’s BP, Royal Dutch Shell , and Italy’s Eni  to discuss projects that are currently under development in Egypt within gas exploration and discoveries in the Mediterranean Sea. Furthermore, the Egyptian minister met with leaders and officials of Russia’s Gazprom and LukOil Overseas firms, UAE’s Dragon Oil and Mubadala Petroleum firms, Total Egypt, U.S. Weatherford International, and other firms to showcase current oil projects in Egypt and global bids issued by the country.

Sarah Samir 2790 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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