Employees of state-owned companies at the Petroleum Complex and of the Ministry of Petroleum and Mineral Resources participated in the second symposium on Egypt’s modernization program, reports Egypt Oil & Gas.
The modernization program aims to further develop the Egyptian oil and gas sector.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, along with a modernization team attended a previous workshop on the modernization of the oil sector in April 2017. They reviewed what had been achieved and discussed plans to achieve the remaining modernization objectives, according to Egypt Oil & Gas.
El Molla noted that the planning phase had been completed and that it was now time to execute the modernization program. He said that the program will connect the oil and gas sector under one umbrella that will exclude no one. The program will invest in the sector’s human capital in order to boost awareness and implementation of the ambitious strategy.
Egypt’s gas production is expected to reach 6.2 billion cubic feet per day (bcf/d) by the end of the June 2018, El Molla, told Reuters. The country currently produces 5.2 bcf/d.
The Petroleum Complex is located in Alexandria.