The CEO of Mediterra Energy Memet Kont has announced that the company plans to increase its drilling operations and rigs in Egypt, noting that Egypt is an important destination for the company’s investments. 

This came during his meeting with the Minister of Petroleum and Mineral Resources Karim Badawi as part of a series of talks with international companies working in Egypt to review their business activities and explore opportunities to ramp up production. 

Kont added that Mediterra is interested in intensifying its operations in Sinai, pointing out that Sinai has promising potential.

For his part, Badawi highlighted the importance of expanding efforts to reduce the costs per barrel and apply new technology. 

He praised the company’s plans and operational achievements in Sinai and Kom Ombo.