24 Hrs
Source:
بوابة الفجر
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President Sisi monitors oil and gas development
The article covers a meeting between President Abdel Fattah El Sisi, the Prime Minister, and the Minister of Petroleum to follow up on the status of crude oil and natural gas production in Egypt. The President emphasized the importance of increasing production rates, doubling oil and condensate outputs, and strengthening Egypt’s position as a center for trading and exporting gas. He highlighted the need to improve the efficiency of the gas and energy systems, encourage foreign investments, and develop refining projects, with planned investments exceeding $4 billion. He also pointed out the necessity of translating these goals into clear operational programs with the required scale to achieve a qualitative leap in the oil sector and increase its contribution to the national economy.
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