Urgent .. President Sisi emphasizes the importance of providing more incentives for investors in the petroleum sector
President Abdel Fattah El -Sisi stressed the importance of providing more incentives and facilities for investors, in a way that contributes to enhancing the volume of investments in the oil sector, and increasing production to meet the growing consumer and development needs. This came during the meeting of President Abdel Fattah Al -Sisi, today, Sunday, with Dr. Mustafa Madbouly, Prime Minister, and Engineer Karim Badawi, Minister of Petroleum and Mineral Resources. The vital, along with the results of his participation in the International Mining Conference held in Australia this month. The spokesperson pointed out that the Minister of Petroleum and Mineral Resources also reviewed the basic axes of the Ministry of Petroleum and Mineral Resources in the current stage, which include the development of discoveries, agreements and the executive position of the ongoing projects related to the relevant projects, as well as the size of the production of crude oil and natural gas during the period from July 2024 to August 2025. The offer also dealt with the ways to enhance local production of petroleum and gas wealth, and the infrastructure developments that were implemented to ensure the availability of the necessary quantities of gas to meet the needs of the local market. The Minister also dealt with efforts to attract more international companies to invest in the fields of oil and gas, noting the positive developments witnessed by the activity of these companies in Egypt during the current period, which reflects the increasing confidence in the Egyptian investment environment, and the promising opportunities and capabilities the state possesses in the fields of oil and gas. & Nbsp; The meeting touched on the position of paying the dues of foreign companies operating in Egypt, where President Sisi stressed the need to pay the dues of companies operating in Egypt, and completely fulfill all the obligations towards it, in a way that enhances the credibility of the state and establishes confidence in the investment climate. Intensifying research and exploration activities, enhancing Egypt’s position as a regional energy center.
