Arab Finance: Dr. Mustafa Madbouly, Prime Minister, announced that my company Exxon Mobil and Shell It is planned to increase their investments in Egypt during the coming period in the petroleum exploration sector, which confirms the great confidence that Egypt is enjoying by major international companies in the energy sector, and the announcement came during a press conference held by the Prime Minister after the weekly meeting of the Council of Ministers in the new administrative capital.
The oil sector in Egypt has witnessed a remarkable development with the advertisement of Exxon Mobil and Helling about their plans to increase the size of their business, as the Prime Minister indicated that the decision of the two companies to invest in addition to the stable investment environment provided by Egypt, as well as promising opportunities in the oil and gas sector, and the expected new discoveries are one of the factors that prompted these investors to invest more in the Egyptian market; In addition to modern legislation that has strengthened the sector's attractiveness to foreign investors.
Dr. Mustafa Madbouly emphasized that the new petroleum discoveries that will be disclosed soon are considered one of the main engines to enhance the oil sector investments in the country, and added that Egypt has become a strategic energy center thanks to its large precautions and huge capabilities, which made it a favorite destination for global investments in oil and gas, and this represents a strong boost for the efforts to achieve self -sufficiency and increase export rates to international markets.
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