President Abdel Fattah El Sisi inaugurated Monday Egypt Petroleum Show and Conference, EGYPS 2022, in its fifth session, with wide international and local participation of Ministers of Petroleum and Energy, heads of major international and local companies, international oil and gas organizations, and petroleum industry experts.
EGYPS is the largest and most important international and regional gathering of the petroleum and gas industry in the North Africa and Mediterranean regions.
During the meeting, Sisi affirmed Egypt's appreciation for Apache’s sizable activities and investments in Egypt.
The US company’s efforts contribute significantly to the exploration and production of oil and gas, in a manner that supports this sector and contributes to Egypt’s transformation into a regional hub for the production and trading of energy in the Eastern Mediterranean.
Sisi stressed that Egypt seeks to enhance Apache’s activities and investments in the country so as to boost explorations in the field of gas and oil and to maximize the state’s benefit from its potential resources for the benefit of current and future generations.
This comes within the framework of the profound cooperation and strategic partnership relations that extend between Egypt and the United States in all fields.
On his part, Apache’s CEO expressed his pride and appreciation for meeting with Sisi, stressing the utmost importance of the strategic partnership between Egypt and the company.
Christmann expressed the US side's keenness to consolidate and develop the partnership, praising Egypt’s achievements under President El-Sisi’s leadership, in terms of economic growth and the tangible development boom that the country is witnessing.
This is reflected in the remarkable progress in the field of energy and in the persity of its resources, as well as in the level of the state's infrastructure, particularly in the oil and gas sector, in addition to the ongoing regional cooperation projects to connect, transport and liquefy gas.
Furthermore, Sisi had convened with the Chief Executive Officer of British Petroleum, BP, Bernard Looney.
[caption id="attachment_315395" align="aligncenter" width="850"]
Special Coverage: Sisi Inaugurates EGYPS-2022, Showcasing Egypt's Oil, Gas Visions[/caption]
"The meeting discussed progress in the joint cooperation with BP, which is the largest oil producer in Egypt," said Presidency Spokesperson Bassam Rady.
It also reviewed the company’s current activities and targeted investment plans during the coming few years in the areas of petroleum search and exploration in Egypt.
Sisi welcomed BP’s CEO and reiterated that Egypt supports and welcomes progress in the cooperation between the two sides, given the company’s longstanding history and previous activities in Egypt, confirming that this shall boost Egypt’s endeavors to become a regional hub for energy trading.
President El-Sisi stressed the need to continue coordination and cooperation with the British company and to remove any impediments facing its work so as to further advance search and exploration efforts as well as oil production in Egypt.
The president underscored the strategic cooperation relations and outstanding partnership between Egypt and all British companies, within the framework of the two countries’ distinct relations.
BP’s CEO, Looney, lauded Sisi’s wise leadership and ambitious vision, which have led Egypt to become a successful economic and developmental model, at both the regional and international levels.
He also commended the special relations between Egypt and the UK across an array of fields, asserting that Egypt is at the forefront of countries that BP places huge interest on boosting the size and scope of its investments in.
Looney noted that this comes in light of the positive investment climate in Egypt as well as the promising opportunities offered in its energy sector. He highlighted in particular the great interest accorded by the state to developing this vital sector as well as Egypt’s possession of all components necessary for the success of this approach, including the unique geographic location, the discoveries in the oil and gas fields and the advanced infrastructure.
https://see.news/sisi-inaugurates-assiut-oil-refining-company/
Follow the latest news on Google News
