Royal Dutch Shell signed a human capital performance efficiency agreement with the Egyptian General Petroleum Cooperation (EGPC) for the modernization of Badr Petroleum Company (BAPETCO), which is a joint venture between the two companies, Egypt Oil & Gas reports.

The agreement was signed by Abed Ezz El Regal, head of EGPC; and Khaled Kacem, Shell’s Country Chairman and Managing Director in Egypt, in the attendance of Minister of Petroleum, Tarek El Molla.

The agreement comes in light of the ministry’s modernization integrated project, which includes a pillar for the development of human resources as human capital is the main developer to prepare the young generation to lead the oil and gas sector in the future, El Molla said.

The agreement includes eight initiatives related to performance evaluation; employees’ creativity encouragement; excellent performance appreciation; discovering and developing human talents; integrated planning for workforce; continuous evaluation; digitalized human resources management; and developing promotions standards, stated Salah Abdel Kerim, BAPETCO head.