19 November 2018 04:18 PM

Sisi directs to work on turning Egypt into regional hub for trading in oil

Tuesday، 10 July 2018 - 11:39 AM
Sisi directs to work on turning Egypt into regional hub for trading in oil

President Abdel Fattah El Sisi directed on Monday 9/7/2018  to develop the petroleum sector including the human element and turning Egypt into a regional hub for trading in petroleum, Presidential Spokesman Bassam Radi said.

This came during his meeting with Prime Minister Mostafa Madbouli, Presidential Aide for National and Strategic Projects Sherif Ismail, Petroleum Minister Tarek el Molla, Planning Minister Halal el Said, Finance Minister Mohamed Ma'it and Head of Administrative Control Authority Mohamed Erfan.

During the meeting, the president asserted the importance of enhancing the capabilities of the sector’s staff via using international companies specialized in the training field.

The president also directed to adopt all measures required to attract investments in the field of exploration for petroleum.

Meanwhile, Petroleum Minister reviewed the ministry’s plan aiming at developing the petroleum sector, adding that the plan will work on increasing production and cutting cost, raising the benefits of the petroleum products, developing the system of managing the sector’s resources and saving more energy to meet the needs of the country.

MENA


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