Petroleum minister in talks over Exxon Mobil Co's activities in Egypt

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Thu, 13 Feb 2020 - 02:39 GMT

File- A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo

File- A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo

CAIRO - 13 February 2020: Petroleum Minister Tarek el Molla discussed on Thursday with Vice President of Exxon Mobil Egypt company for New Projects Affairs Donald Bagley the company's activities in the exploration domain after its recent agreement with the Petroleum Ministry.

The Petroleum Ministry signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean.

The talks come on the sidelines of Petroleum Show (EGYPS 2020) which kicked off on Tuesday under the title of "North Africa and the Mediterranean: Delivering the Energy Needs of Tomorrow".

Exxon Mobil company's decision to work in Egypt among the other global petroleum companies testifies to Egypt's success in providing an investment-magnet atmosphere in the petroleum sector, Molla said.

Bagley, on his part, lauded the Egyptian political leadership's continued support of the petroleum sector, saying this support gives a strong boost to exploration activities in Egypt.

More than 270 regional and international experts are taking part in the EGYPS 2020 conference sessions in addition to a number of Arab and African petroleum ministers as well as heads of regional and international companies operating in the petroleum domain

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