Shell Wins Award of Most Growing Investor in Oil, Gas Sector

Shell Wins Award of Most Growing Investor in Oil, Gas Sector

In recognition of its vital role in developing the energy sector’s infrastructure in Egypt, Shell won the BT100 award of the most growing investor in Egypt’s oil and gas field, in the BT100 ceremony held on March 31, 2021, under the patronage of Prime Minister Mostafa Madbouly.

For over a century, Shell has continuously proved to be a primary supporter of Egypt’s economy, putting Egypt on the global energy map in addition to transforming the Eastern Mediterranean region into a regional energy center.  

During the BT100 event organized by Business Today magazine, Khaled Kassem, Shell Egypt CEO, remarked that Shell has a strategic partnership with the Egyptian government and the oil and gas sector. Throughout its time, Shell has worked in the Western Mediterranean region and the Red Sea in addition to acquiring two new offshore concessions in the Nile Delta (Zones 4 and 6).

Kassem also noted that Shell’s exploration areas have multiplied by 12 times since 2018, adding that Phase 9B in the West Delta Deep Marine (WDDM) concession has also been completed.

Touching upon the gender gap issue in the sector, Shell CEO affirmed that during the last five years, Shell increased women’s representation on the company’s board of directors from 8% to 45%.

 

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