Arab FinanceDuring his meeting with officials of the Saudi Al-Qahtani Group at the Ministry’s headquarters in the Administrative Capital, Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, discussed opportunities for cooperation and investment in oil, gas and petrochemical activities, according to statement Ministry of Petroleum.
The meeting witnessed a review of possible opportunities for cooperation and joint investment, most notably the development and production of oil and gas, in light of the package of promising investment opportunities presented by the Ministry in this field on the Egypt Digital Exploration and Production Portal (EUG).
Saudi Al-Qahtani Group officials confirmed that the group is open to partnering with the Egyptian petroleum sector and investing in Egypt in light of the availability of attractive opportunities in a number of areas of cooperation and investment potential, especially the distinguished infrastructure in Egypt, and they expressed their welcome to enter into investment opportunities in the areas of petroleum industry services, development and production. Oil and gas.
For his part, Engineer Karim Badawi expressed his welcome to Al-Qahtani Group’s desire to partner with the petroleum and investment sector in Egypt and its interest in studying investment opportunities and possible areas of cooperation, which was reflected in holding several joint working meetings between the two sides during the past few years. He stressed the speed of work and cooperation on the part of the sector. Oil to facilitate investment and benefit from the distinguished investment opportunities and components in the petroleum sector, while examining the expansion of areas of cooperation based on the capabilities and capabilities available to both sides.
The meeting also touched on a review of the steps taken to accelerate the basic procedures and studies necessary to prepare for the establishment of the Alamein Petrochemical Complex project in New Alamein, in which the Saudi Al-Qahtani Group participates with the English company Shard Capital in cooperation with the Egyptian Petrochemical Holding Company.
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