President Sisi aims to enhance mineral resource value
The meeting held by President Abdel Fattah El Sisi in Alamein focused on monitoring the implementation status of crude oil and natural gas production in the exploration and drilling areas of Egypt. The efforts to increase production and strengthen strategic reserves were reviewed, along with a development plan for refineries involving investments exceeding $4 billion aimed at boosting output and reducing imports. The meeting also addressed regional cooperation, notably the decision by Eni and Total to develop the Kronos gas field and connect it to Egyptian infrastructure, thereby enhancing Egypt's position as a regional hub for gas trading. The President emphasized the importance of stimulating the sector and transforming goals into clear executive programs to increase the value of mineral resources and support the national economy.
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