President Abdel Fattah El Sisi met with Claudio Descalzi, CEO of the Italian oil company Eni, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources, according to the presidential spokesperson.
Descalzi reviewed the company’s current and future plans to explore and produce gas in Egypt, in light of what it represents as a regional hub for the circulation and production of energy and liquefied gas. He pointed out that being a hub is becoming increasingly important in the context of the current global developments related to the energy crisis, and in view of the promising opportunities and potential that Egypt has in this field.
From his side, El Sisi urged for the expansion of research, exploration and production activities and efforts in coordination between the Ministry of Petroleum and Mineral Resources and Eni, with the aim of achieving optimal utilization of Egypt’s natural resources.
During the meeting, the main topics discussed included the company’s current and future activities in Egypt, highlighting the ongoing exploration campaign, which indicated positive preliminary results, showing potential for export increase, leveraging the spare capacity available at Eni’s assets on the Mediterranean coast.