Last Update 12:43
Tuesday, 21 May 2019

ExxonMobil looking to invest in oil and gas exploration in Egypt

Ahram Online , Thursday 14 Mar 2019
Exxonmobil
Share/Bookmark
Views: 3236
Share/Bookmark
Views: 3236

Steve Greenlee, the president of ExxonMobil Exploration Company, said during a meeting with Egyptian Minister of Petroleum Tarek El-Molla that the company is looking to invest in Egypt for the first time by participating in energy exploration and production activities.

Greenlee and El-Molla met on the sidelines of CERAWeek – the World's Premier Energy Event, taking place in Houston, US.

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

El-Molla and Greenlee affirmed that Exxonmobil’s decision to invest in Egypt’s E&P field will have a positive return on the Egyptian oil and gas industry, increasing the presence of international oil companies in Egypt and pumping more investments.

Egypt's petroleum minister also held talks with Francis R. Fannon, the Assistant Secretary for the Bureau of Energy Resources (ENR) at the US Department of State, to discuss promoting bilateral cooperation in the petroleum and natural gas sector.

El-Molla also attended a plenary meeting of the American Chamber of Commerce and met with Apache CEO John J Christmann to discuss the company's action plan in oil and gas exploration in Egypt's Western Desert.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
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.
Latest

© 2010 Ahram Online.