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Petroleum Minister talks with Enrjin CEO on Egypt investments
Egyptian Minister of Petroleum and Mineral Resources, Kareem El-Beity, discussed with Mathius Regas, CEO of Greek company Energin, the company's plans to expand its exploration, research, and natural gas production activities in the Mediterranean Sea in Egypt. The minister emphasized the importance of increasing local gas production and strengthening cooperation to reduce production costs and improve the economic viability of investments, through integrating operational areas and facilitating the implementation of new agreements. The Greek official praised the positive level of cooperation with Egypt and its necessity in supporting the company's investments, increasing drilling activities, and developing fields, noting promising investment opportunities in areas close to infrastructure that would lower costs and accelerate discovery and production operations.
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