Oil Egypt accountACCOUNT King Tut

Discussions with Shell’s Executive Vice President

Source: www.gulfoilandgas.com 6/22/2017, Location: Egypt

Share |
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Executive Vice President of the International group, Shell and Eng. Gasser Hanter, VP, Country Chair and Managing Director of Shell Egypt in the presence of Eng. Mohamed Mounes, The Ministry’s First Undersecretary for Gas Affairs and Geologist Ashraf Farag, The Ministry’s Undersecretary for Exploration and Agreements.

During the meeting, they discussed the company’s work programs in the Western Desert and fast tracking production from the BTE-2 discovery as soon as possible alongside with intensifying exploration activities in new areas in light of increased possibilities of producing more oil and gas in that promising area, considered an investment attracting area. Shell plans to increase production from the Western Desert as well as from deep layers in Rashid area in the Mediterranean.

The Minister clarified that Shell has recently acquired concession rights in North Om Baraka area in the Western Desert in the latest EGPC Bid-Round, and the agreement will be presented to the Parliament for the necessary procedures needed for signing the agreement.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  5/14/2018 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla...
Egypt >>  5/14/2018 - Governor of Egypt's Central Bank Tarek Amer said that the country is expected to make an $850 million payment on its debts to foreign oil companies. ...

Egypt >>  5/10/2018 - Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producin...
Egypt >>  5/10/2018 - China’s GCL Group has signed a memorandum of understanding (MOU) with Egypt’s ministry of military production to build a solar panel facility at a cos...

Egypt >>  5/9/2018 - Egypt has approved an exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the co...
Egypt >>  5/9/2018 - Egypt and Uganda signed a number of cooperation agreements on Tuesday in a ceremony in Cairo attended by ministers of both countries and presided over...

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us