Arab Finance: Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, held a meeting with officials from the international company ExxonMobil. The meeting discussed the most important files of joint cooperation between the two sides, most notably the company’s activities and plans in the field of exploration and field development, and allowing the export of quantities of the company’s future production through the strong infrastructure it possesses. Egypt, according to statement cabinet.
Company officials also expressed their aspiration to hold a meeting with the President of the Republic to present the company’s investment plans in Egypt. These efforts come in light of ExxonMobil’s efforts to strengthen its presence in the field of exploration and field development in Egypt, especially with the company’s preparations to begin next December 15 with offshore drilling activities in the North Concession area. Maraqia in the Western Mediterranean.
This is in line with the strategy of the Ministry of Petroleum and Mineral Resources to enhance cooperation with international companies, attract more investments to enhance production rates and maximize the added value of the resources and infrastructure that Egypt possesses.
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