President Abdel Fattah El-Sisi met with Claudio Descalzi, CEO of the Italian company Eni, and his accompanying delegation of senior company officials, in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources.

The meeting discussed efforts to develop the distinguished relations between Egypt and the company. Descalzi expressed his pride in the fruitful cooperation between the two sides, praising in this context the efforts of the Egyptian government to facilitate matters for investors, which benefits both parties.

Descalzi pointed out his company’s keenness to enhance its role as one of the largest players in the energy market in Egypt, given the promising opportunities the sector has, whether in terms of local production or export abroad.

For his part, El-Sisi praised the relationship between Egypt and the company, which reflects the strength of cooperation between Egypt and Italy in various fields. His Excellency highlighted Egypt’s keenness on the continuous development of the investment climate in the country. The president pointed out the government’s continued efforts to expand the horizons of benefiting from the energy file. El-Sisi also praised the company’s societal role, which is reflected in its support for a number of development projects in Egypt.

During the meeting, the company reviewed the developments of its activities in Egypt in the fields of research and exploration, and development operations activities that will enable Eni to maintain high production rates from the fields, in addition to the progress achieved in energy efficiency and sustainability projects, which enhances efforts for a fair energy transition.