Egypt, Italy Talk Investments


The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Ambassador to Egypt, Giampaolo Cantini, to discuss increasing possible cooperation and investments of Italian firms, including Eni, Edison, and Technip in Egypt’s offshore and onshore concession, as well as the successful achievements of these companie during its work in the North African Country, Egypt Oil & Gas reports.

The meeting reviewed the investment opportunities available in various oil and gas activities during the upcoming period, as well as the economic reforms that have been made to encourage and attract more petroleum investments.

During the meeting, Cantini pointed out the strength of the joint relations between the two countries, highlighting that the outstanding results achieved by the Italian companies in fruitful cooperation with the Egyptian petroleum sector have been an important factor in the consolidation of this relationship.

Italy is looking forward to increasing investments in Egypt in various economic fields, especially in the activities of the oil and gas industry, which has witnessed a remarkable development in the recent period, Cantini stated, pointing out that the success achieved in these field has emerged and witnessed unprecedented records and will remain a milestone in the history of Egyptian-Italian cooperation.

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