Oil Egypt accountACCOUNT King Tut

Petroleum Minister Delivers Egyptís Speech before OPECís Ministerial Meeting

Source: www.gulfoilandgas.com 12/1/2017, Location: Egypt

Share |
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources delivered Egyptís speech before the ordinary Ministerial Meeting of the Organization of the Petroleum Exporting Countries (OPEC) in the Austrian capital Vienna in which Egypt is participating as an observer. H.E. Khalid al Falih, Saudi Minister of Energy, Industry and Mineral Resources and President of the Organization headed the Meeting.

The Minister asserted that Egypt supports and backs up the efforts and initiations to balance global oil markets with what achieves cooperation for both producers and consumers through fair prices to ensure security of supply and demand as well as ensuring stable returns contributing to developing needed investments in the oil industry.

He added that the global oil markets is currently fast regaining balance gradually, confirming that the current challenge is to keep price levels in a zone that allows attracting more investments while remaining affordable to consumer countries, he clarified that facing such challenges is a responsibility of all parts involved in the industry.

He also asserted Egyptís commitment to cooperate with all parties involved in the petroleum industry in order to achieve stability.

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

Egypt >>  1/14/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to provide an update on operational developments in Egypt. A full ope...
Egypt >>  1/14/2019 - The energy ministers from seven Eastern Mediterranean countries declared in Cairo the establishment of the East Mediterranean Gas Forum (EMGF), which ...

Egypt >>  1/14/2019 - Petroleum Minister Tareq el Mulla held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments o...
Egypt >>  1/14/2019 - The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros, to finance the Egy...

Egypt >>  1/13/2019 - The state-owned General Petroleum Company (GPC) said that its total production hit 97,400 barrels per day in the first half of the current fiscal year...
Egypt >>  1/12/2019 - The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) signed a new cooperation agreement with Egyptís housing ministry aimed at enco...

Related Categories: Camp Building  Cleaning Equipment, Services  Construction Contractors  Corrosion Products/Services  Diving Contractors  Exploration  Food Supplies  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Service Companies  Skilled Labors  Subsea Production  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Water Supply Services  Welding Products/Services 

Related Articles: Construction Contractors  Exploration  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Subsea Production 

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