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Petroleum ministry gives special importance to providing fuel, luring investments: Minister

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Petroleum ministry gives special importance to providing fuel, luring investments: Minister

by Gazette Staff
July 14, 2024
in Business, Egypt
Petroleum ministry gives special importance to providing fuel, luring investments: Minister 12 - Egyptian Gazette
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CAIRO – The Petroleum and Mineral Resources Ministry attaches special importance to providing fuel and encouraging partners to pump more investments as soon as possible, said Minister Karim Badawy.

The ministry will also continue in its efforts to lure foreign investments in order to allow full exploitation of the potential of the natural resources, he added while delivering a speech on Sunday to review the ministry’s plan, as part of the government’s work programme.

Speaking before the parliament’s special committee tasked with studying the new government’s work program, the minister went on to say that among the ministry’s priorities is working on environmental sanitation in various locations, eliminating emissions and energy transformation, which will be an essential part of attracting investments in these sectors.

The Egypt Exploration and Production Gateway is one of the unique gates in the world that aims to increase investment opportunities and attract investments, he further said.

The petroleum sector will continue to undertake its effective role in community development nationwide and provide energy to the national economy, he made it clear.

Tags: EgyptEgypt ExplorationPetroleum Min.

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