Arab Finance: Within the framework of enhancing coordination with petroleum industry partners to encourage the investment necessary to increase production, Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, met with Engineer Nader Zaki, Regional President of British Petroleum (BB) in the Middle East and North Africa, and Engineer Wael Shaheen, the company’s regional vice president in Egypt.
The Minister stressed the provision of all aspects of support for the company’s plans to increase production and the work program aimed at supporting its business in Egypt, as a key partner in the discovery and development of Egypt’s natural gas resources, pointing to the ongoing work to create an investment climate and encourage investors and international companies in the field of exploration and production and make available… Attractive investment opportunities to contribute to increasing the locally produced oil and gas and reducing the import bill.
For his part, Engineer Nader Zaki, Regional President of British Petroleum in the Middle East and North Africa, stressed its commitment to the agreed-upon plans in the field of implementing exploration programs and drilling new wells in the British company’s concession areas in the Mediterranean, stressing the importance of joint cooperation with the petroleum sector to support implementation, pointing out The ongoing work is progressing in drilling two new wells to produce natural gas from the Raven offshore field, west of the Nile Delta, with investments of $200 million, to produce 200 million cubic feet of gas per day, as part of the work to develop natural gas resources in the producing field in the Mediterranean.
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