Oil Egypt accountACCOUNT King Tut

Mulla & Fannon Discuss Boosting Oil & Gas Cooperation

Source: www.gulfoilandgas.com 11/19/2018, Location: Egypt

Share |
Petroleum Minister Tareq el Mulla had talks with US Assistant State Secretary for Energy Resources Francis R. Fannon on means of promoting cooperation in the oil and natural gas domains in view of ongoing efforts to improve the investment climate.

In a statement, Mulla said the talks tackled the positive development in the Egyptian economy, especially in the petroleum sector under the economic reform program.

He also reviewed the measures adopted over the past four years within the framework of the petroleum action strategy in order to encourage international companies to inject more investments into Egypt.

He highlighted ongoing efforts to turn Egypt into a regional center for petroleum and natural gas trade, considering as pivotal the private sector's role in this regard.

He spelled out the measures adopted to further cooperation with neighboring countries, citing the inking of a cooperation deal with Cyprus to establish a natural gas pipeline.

He also noted that the Eastern Mediterranean Natural Gas Forum will hold its first meeting in Cairo in January as agreed during a recent trilateral Crete summit between Egypt, Cyprus and Greece.

He said the ministry is looking forward to encouraging American companies to invest in the petroleum industrial domain.

US ExxonMobil - the world's largest publicly traded international oil and gas company - has been engaged in a successful partnership with the oil sector for about 115 years, he said, referring also to investments of Honeywell UOP, formerly known as UOP LLC or Universal Oil Products.

Meanwhile, Fannon stressed his country's keenness on enhancing cooperation with Egypt, expanding oil and natural gas projects and supporting regional cooperation in the eastern Mediterranean region.

He lauded the positive development in oil and natural gas sectors over the past years, especially the record time in which Zohr gas field project was accomplished.



Egypt >>  4/16/2019 - A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by EGP 36.112 billion (40 percent) in the new fis...
Egypt >>  4/15/2019 - In the course of Atomexpo-2019 International Forum, TVEL Fuel Company of Rosatom and the Egyptian Atomic Energy Authority signed the contract for supp...

Egypt >>  4/8/2019 - SDX Energy plc announces, the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development co...
Egypt >>  4/8/2019 - The Egyptian Nuclear Plants Authority (NPPA) was granted a site permit for the building of El Dabaa nuclear power plant, said head of the Nuclear Powe...

Egypt >>  4/7/2019 - Minister of Petroleum and Mineral Resources Tarek el Mullah conferred with his Saudi counterpart Khaled el Faleh on means of boosting joint cooperatio...
Egypt >>  4/5/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla has discussed in a meeting with Jordanian Minister of Energy and Mineral Resources Hala Zwa...

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