The Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed that Egypt conducted international and regional partnerships, during the last few years, to trade and distribute petroleum products and natural gas with countries in the East Mediterranean, United States and European Union (UN) in light of its target to be converted into regional energy hub.

Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighted securing 12 exploration and production (E&P) agreements with working international oil companies (IOCs) in Egypt and newly-enrolled companies such as; Chevron and ExxonMobil despite the pandemic challenges. This came during CERAWeek’s annual energy conference, the most prominent energy conference in the world, and comes as a part of a series of interviews with major figures participating in the next edition of the conference in March 2021.

The company is interested in the bid rounds launched by the Egyptian oil and gas sector for exploration in the Mediterranean and Red Sea.

The survey aims to attract science, technology, engineering and mathematics (STEM) talents and to examine future workforce and employment trends in the oil and gas industry.

El Molla met with CEOs of Schlumberger and BP to discuss the companies' work in Egypt.

The meeting reviewed available opportunities for the company to pump new investments in the E&P field.