This came at the final day of the Egyptian Petroleum Show (EGYPS 2023).
The MoUs and agreements aim to boost bilateral cooperation in the fields of reducing carbon emissions, digital transformation, supporting sustainability and crude oil marketing.
The British Petroleum Company (BP) celebrates 60 years of operations in Egypt, BP CEO Bernard Looney, announced.
McMonigle expected that the world will face fluctuations and a significant rise in energy prices.
El-Sisi pointed out that the volume of supply was not at the required level during the past years.
“We have seen a high demand for oil, and we expect in the coming decades a high demand, as there are 10 percent of the world's population in need of an affordable energy price,” Christmann added.
Molla added during EGYPS 2023 that Egypt's oil exports rose to reach $18.2 billion during 2022.
Al-Ghais stated during EGYPS 2023 that the oil demand is projected to increase to reach 10 million barrels per day during the coming period.
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.