EGYPS
The Egyptian Minister of Petroleum, Tarek El-Molla, witnessed the signing of the agreement along with Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil Company,
Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the petroleum sector, in collaboration with its global partners, is working to boost production rates and increase oil and gas reserves.
"COP 27 in Sharm El Sheikh was a wonderful host and a step towards addressing climate change, accelerating energy transition, and contributing to the close partnership with Egypt in dealing with the energy sector,” Jørgensen stated.
This comes in light of maximizing the use of land and maritime facilities established to accelerate development and production plans to meet the growing demand of the local market, and to support the state’s efforts to export surplus energy, according to statements by the CEO of British Petroleum, Murray Auchincloss.
EGYPS 2023 brings an expanded agenda across its conferences with focused programmes covering Strategic, Technical, Finance and Investment in Energy, Equality in Energy, and Sustainability in Energy topics.
The Egypt Petroleum Show (EGYPS) 2023 is held under the auspices of His Excellency President Abdel Fattah El Sisi and with the support of the Ministry of Petroleum & Mineral Resources from 13-15 February 2023.
“Egypt has a proven track record of leadership in energy production, distribution, and security, as well as green technologies,” Cohen said, as he witnessed the signing of several deals between US companies and the Egyptian government, the US Embassy in Cairo said in a statement.
The agreements included a service agreement between the Egyptian General Petroleum Corporation and Baker Hughes to cooperate in the field of gas recovery and reducing carbon emissions, which was signed by geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, and Engineer Tamir Nasser, Director General of Baker Hughes Egypt, according to a statement.
The Secretary-General of OPEC Mohammad Barkindo praised Egypt’s achievements in energy field over the years.
The EGYPS strategic conference begins a year of strategic energy dialogue that shapes the shift towards a more sustainable oil, gas and energy industry.
The 5th edition of the North African and the Mediterranean’s leading oil, gas and energy exhibition and conference will serve as a new starting point for active dialogue to draw up a sectoral roadmap towards a sustainable future, Molla told reporters during a news conference on Tuesday.
British Ambassador to Egypt Geoffrey Adams said on Thursday that Egypt is on its way to becoming an energy hub for the region.
Egypt witnesses various economic events and conferences in February this year.
Minister of Petroleum Tarek al-Molla said that Egypt accomplished four important projects for gas production in 2017.
he national agency supporting the international development of the French economy (Business France) will take part with a pavilion in the second round EGYPS.
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