El Sisi Met with the CEOs of Global Oil Companies

El Sisi Met with the CEOs of Global Oil Companies

Egypt’s President, Abdel Fattah El Sisi, met with the CEOs of BP, Rosneft, and Eni to discuss the progress on the companies’ projects in Egypt, Al Borsa reported.

Presidential spokesman, Alaa Youssef, said that the meeting was held in the framework of the president’s periodic follow-up to the development of energy projects in Egypt.

The heads of international oil companies expressed their optimism about the future of energy in Egypt in the light of recent discoveries of natural gas; with the assumption of the political leadership to develop gas and oil projects in Egypt, according to State Owned News Channel.

The meeting also focused on the activities carried out by the leading companies; highlighting the partnership and cooperation between them and some companies operating in the Egyptian market.

Furthermore, El Sisi stressed on the importance of having new discoveries in Egypt in order to meet the energy needs required by the increasing growth of the Egyptian economy, and in order to close the local consumption gap and achieve self-sufficiency by the end of 2018.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


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