$644B investment needed in energy sector: IEF

BY

-

Sun, 12 Feb 2023 - 03:32 GMT

BY

Sun, 12 Feb 2023 - 03:32 GMT

A panel held during EGYPS 2023

A panel held during EGYPS 2023

CAIRO - 12 February 2023: ِِAbout $644 billion investments are needed in the energy sector, with an annual average of 4.6 billion until 2023, Secretary-General of the International Energy Forum (IEF), Joseph McMonigle said.
 
McMonigle expected that the world will face fluctuations and a significant rise in energy prices.
 
Egypt Petroleum Show (EGYPS 2023) kicked off Sunday in the presence of President Abdel Fattah El-Sisi.
 
The EGYPS 2023 takes place from February 13 to 15 at Egypt International Exhibition Center. 
 
It is held under the theme 'North Africa and The Mediterranean: Supporting Sustainable Global Energy Supply and Demand'.
 
The inauguration was attended by Prime Minister Mostafa Madbouli, Minister of Petroleum and Mineral Resources, Tarek El-Molla, and a number of ministers and senior statesmen.
 
All CEOs of the energy, oil and gas sector in the world will participate in the EGYPS 2023, in addition to a group of energy ministers, government representatives, high-ranking officials of the European Union, secretaries of major international energy organizations, business leaders and investors in the energy sector to discuss the most important issues to support the progress of the oil and gas sector.
 

Comments

0

Leave a Comment

Be Social