Saturday , April 17 2021

ExxonMobil has expressed the desire to expand its oil and gas business in Egypt



Exxon Mobil International expresses the desire to expand its oil and gas business in Egypt. Our news, citing the seventh day, we announce to you ExxonMobil International has expressed the desire to expand its oil and gas business in Egypt. Our news and start with the most important news, ExxonMobil International has expressed the desire to expand its oil and gas business in Egypt.

Our correspondent Brian Milton, President of Exxon Mobil Company, expressed strong desire for his company to increase its co-operation and expansion of its oil and gas business, commending the positive changes it has witnessed in the sector of petroleum products in Egypt over the past four years, and the record has been reached in the implementation of projects for the development of gas field and oil and infrastructure projects and refining.

This was during the talks with Minister of Oil and Mineral Resources Tariq Al-Mulla with Brian Milton, President of Exxon Mobil and Hisham Al Omrous, President of Exxon Mobil Egypt, during which he reviewed the investment opportunities in the oil and gas sector within the ministry's strategy to expand various activities of the Oil and Gas Industry and the opening of new work areas that add value to the Egyptian economy.

ExxonMobo's President stated that the oil sector's development and modernization project is a model for the rest of the country, and during his presence in Egypt, he highlighted a long history and a prominent partnership with the Egyptian oil sector during his presence in Egypt, where he positively contributed to petroleum technology, Establishment 350 gas stations and warehouses throughout Egypt supports a fleet of refueling vehicles equipped with state-of-the-art technologies to cover some of the needs of local fuel and motor oil markets.

The meeting was attended by Engg. Abed Ezz Al-Ghanim, Executive Chairman of Petroleum and Geological Authority Ashraf Faraj, Undersecretary of the Ministry of Agreement and Research and Mahmoud Naji, Assistant Minister for Transport and Distribution of Petroleum Products.

Following the talks, Minister of Oil and Mineral Resources Tariq Al-Mulla discussed the meeting organized by Exxon Mobil on the 115th anniversary of his presence in Egypt under the slogan of "115 Years of Successful Partnership in the Development of Egypt" in the presence of Dr. Mohammed Al-Asara, Minister military production, and numerous ambassadors and leaders of Egyptian and foreign oil companies.

The Minister emphasized in his speech that the oil sector continues to meet the goals of its ambitious strategy with full commitment, and its priority is to meet the needs of the local oil and gas natural gas market and to develop distribution and marketing activities as a reflection of the oil sector to citizens and to support a growing partnership with international to companies operating in Egypt in the field of Selling Petroleum Products for the application of the latest technologies and advanced technologies and monitoring the progress of modern development to increase efficiency and save fuel consumption by improving technical specifications and studying the introduction of new types according to the engines of modern automobiles.

Al-Mulla added that work on the implementation of the national conversion project of Egypt into the regional center of trade and gas and oil supply is underway to contribute to the energy supply and economic viability of Egyptian-owned infrastructure in favor of the Egyptian economy.

The Minister reviewed the historical development of the Egyptian oil industry, which is more than a century old and the challenges it faces after 2011 and the strategy that has been developed and the most important positive results achieved over the past four years, which is the most important natural gas self-sufficiency following the entry of 4 giant gas projects in Delta on the Nile and Delta on the Nile, and the reduction of foreign partners' rights to one third compared to 2012, with the issuance of the Gas Market Regulatory Act which allows the private sector to enter and compete in all industries of the gas industry in Egypt, Egypt and Cyprus to establish a pipeline from the Aphrodite field to Egyptian gas leakages, in addition to the implementation of numerous projects in the field of purification, petrochemical and infrastructure, and other projects are being implemented. To meet the challenges of the future.

The minister explained that the success of the Ministry of Oil in the implementation of the goals of the new strategy requires effort and intensive intensive cooperation with key partners of international companies.

Al Mulla praised the important role of ExxonMobility in the marketing and distribution of petroleum products during their work in Egypt and the support of the Ministry of Launch of 95 Gas Marks for the first time in the Egyptian market and its contribution to the human resources development program in the oil sector. Collaboration in all activities of oil and gas.

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source: The seventh day


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