Minister of Petroleum and Mineral Resources Tarek El Molla stated that the ministry’s strategy to maximize production from natural resources works in complete harmony with the elements of the production system and adopts all applicable ideas as well as unconventional ideas, the ministry said in a statement.

El Molla noted that all the production companies operating in Egypt still have a lot to achieve in light of the development of the necessary technologies for production and the petroleum potentials that exist in the oil concession areas and the support provided by the ministry’s strategy and partners.

This came during the meeting with officials of a number of production companies in the regions of Sinai and the Eastern and Western Deserts to coordinate and expedite the implementation of plans to increase production, which comes within the framework of the minister’s periodic meetings with all oil production companies.

El Molla highlighted the need to exert more effort to increase operational efficiency, reducing the cost of barrel production, and increasing the existing cooperation between petroleum production companies, in light of the current challenges facing the oil and gas industry, which requires continuous dialogue and cooperation between all elements of the petroleum production system and controlling the performance of all its elements, in order to serve the increase in crude oil production, which in turn is reflected in the reduction of import quantities and more insurance to meet local consumption.