23 Hrs
Source:
الاقتصادية
Egypt and ADNOC Seek to Boost Oil and Gas Production
Egypt is seeking to expand its oil and gas well drilling program over the next five years, aiming to increase domestic production and reduce the gap between consumption and supplies. Petroleum Minister Karim Badawy discussed with the CEO of ADNOC Drilling opportunities for collaboration in implementing onshore and offshore drilling activities, with a focus on leveraging advanced technology and expertise to enhance exploration efforts and develop existing discoveries. This expansion aims to boost oil and gas production, contributing to reducing dependence on imports, alleviating pressure on the Egyptian economy, and serving as an opportunity to develop the petroleum services sector, increase investments, and enhance the sector's attractiveness to investors.
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