Egypt plans to expand oil cooperation with gulf countries

Minister of Petroleum and Mineral Wealth Tarek el Molla has conferred with top officials of a number of international petroleum companies on the fringe of Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2018, one of the world’s leading oil and gas conferences and exhibitions.

A statement released by Oil Ministry on Tuesday said Mollah discussed with CEO of BP Bob Dudley and the Regional Manager of the Group in North Africa Hisham Mekkawy the current developments in the group’s gas and oil projects in Egypt, especially in the areas of North Alexandria, West the Mediterranean as well as means of accelerating the second phase of launching the gas production of two gas fields in Giza and Fayyoum.

The minister also met with Deputy CEO of Shell Company Samy Iskandar and Head of Shell Egypt Jasser Hantar on the company’s business working plan in the deep waters of the Mediterranean and Western Desert. They also reviewed the implementation process of a natural gas production project in West Delta and reviewed the new oil and gas concessions obtained by Shell in the Western Desert.

The oil minister also met with the chairman of Italy’s Edison Company and his accompanying delegation and probed the concession areas that could be offered by Egypt in the deep waters of the Mediterranean as well as the development of Abu Qir naval oil field.

Molla also probed with the Russian Lukoil Company Chairman and CEO Vagit Alekperov the company’s plan to develop Maliha gas field in the Western Desert in the coming phase, voicing hope over increasing the Russian company’s investments in Egypt in the field of gas and oil exploration and production.