Last Update 23:27
Sunday, 26 May 2019

Egypt, US discuss boosting partnership in oil, gas fields

MENA , Ahram Online , Wednesday 14 Nov 2018
Egyptian Minister of Petroleum and Mineral Resources Tarek el-Molla (Photo: Al-Ahram)
Views: 2629
Views: 2629

Minister of Petroleum and Mineral Resources Tareq el Molla on Tuesday discussed in a meeting with US Deputy Assistant Secretary for Oil and Natural Gas Shawn Bennett means of boosting the Egyptian-American partnership in the fields of oil and natural gas, in addition to investment opportunities available in the Egyptian petroleum sector.

During the meeting, which was held on the sidelines of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), the minister asserted that Egypt's business climate is suitable for luring more US companies to invest in the areas of oil, natural gas, petrochemicals and technology transfer, in light of the country's political and economic stability and the ministry's clear strategy for energy.

According to a statement released by the Petroleum Ministry, Molla said the state is interested in carrying out serious measures to attract foreign investors in the oil sector, citing the issuance of a law regulating the activities of the natural gas market, as well as the new investment law.

The oil sector seeks to encourage new American companies to work in Egypt and encourage existing US companies to pump further investments, he added.

In this regard, he pointed to a project to develop the oil sector, through increasing foreign investments in the oil and gas exploration.  

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.