Egyptian Minister of Petroleum and Mineral Resources Osama Kamal gave a press conference at the meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), in which he discussed the government's decision to raise the price of fuels and commented on the economic damage faced by the oil and gas industry.

Petroleum Minister Osama Kamal and CEO of Edison Oil Company Bruno Lescoeur recently discussed investment opportunities in the Egyptian oil and gas sector as a means of enlarging mutual partnerships in the coming period.

Minister of Petroleum Osama Kamel unveiled new investments and more economic cooperation between foreign partners and major Egyptian companies, citing agreements signed for upgrading oil fields and wells in Balaeem petroleum sites.