Under the patronage of H.E Eng. Tarek El Molla, and the Embassy of the Federal Republic of Germany, Wintershall Dea has held a Gala Dinner event at Salah Eldin Citadel on July 21, among a group of high-level attendees, to celebrate the successful merger that has resulted in forming the largest European independent oil and gas company, Egypt Oil & Gas reports.
“We have been very old in Egypt, so we argue that we are one of the longest standing German investors in the country. We have been for 45 years since 1972 and have produced more than 650 million barrels of oil and have injected more than $3.5 billion,” Sameh Sabry, Wintershall Dea Senior Vice President and Managing Director Egypt said inaugurating the Gala Dinner.
In addition, Mario Mehren, Wintershall Dea CEO noted that “Egypt is having a very important role in our portfolio, as there was an important plan announced in 2018 to spend half a billion euros in country to double production and I am looking at our partners at BP, we are waiting for the raven field to come on stream and I think that will help us to boost production and achieve targeted figures. This shows you we are set for growth in Egypt.”
“Your Excellency it is such a pleasure to have you here because what we have seen over the last months and over the last years in terms of development in Egypt is impressive. Your Excellency how you have changed the landscape for people sitting in a room talking about Egypt is simply amazing. It is amazing to see the progress in terms of cooperation, in terms of investment and in terms of infrastructure. So I can only thank you, Mr. Minister, for this. This is impressive,” Mehren added.
Moreover, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said during the Gala Dinner “we are very enthusiastic about this merger and the plans it has for the Egyptian oil and gas sector, hoping that this strong alignment will bring Wintarshall Dea to Egypt’s stock list of IOCs,” pointing out that “the Ministry of Petroleum and Mineral Resources is ready to help Wintershall Dea to remove all obstacles to achieve its goals in Egypt.”
“Without affordable and reliable access to energy, there is no stability available. We need therefore reliable and constant energy supply for the population and for business,” Sonke Siemon, Charge d’ affairies at the Embassy of the Federal Republic of Germany said during his speech.
Wintershall Dea is a long-term partner and is one of the most important German investors in Egypt which supporting the country in its journey to be an Energy hub.