ExxonMobil to Expand Investments in Egypt

ExxonMobil to Expand Investments in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has met a delegation from ExxonMobil chaired by Hugo Detré, the company’s EAME Retail Sales and Marketing Manager, to discuss the expansion and development of the company’s investments in fuel distribution in Egypt.

El Molla affirmed that ExxonMobil has demonstrated excellent leadership in fuel marketing and distribution according to international standards in Egypt. He also reviewed the company’s current program to build more new “Mobil” fuel stations which will be operational soon.

The Minister also showcased the current cooperation with ExxonMobil to provide stations supplying natural gas in cooperation with Gastec and Cargas companies. For his part, Detré expressed his company’s desire to maximize its investments in Egypt’s market.

Additionally, the parties reviewed ExxonMobil’s activities in exploration and production of natural gas from its concession areas in the Mediterranean. The company expressed its readiness to explore cooperation opportunities during COP 27 which will be hosted by Egypt in Sharm El Shiekh.


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