Egypt

bp Expands Investments in Egypt's Gas and Low Carbon Energy

Published on : 2024-01-23

bp's Executive Vice President, Anja Dotzenrath, has announced the company's commitment to expanding operations and investing in Egypt's natural gas sector. 

This declaration came during a meeting with Minister Tarek El Molla, focusing on bp's activities in Egyptian concession areas, recent well developments, and ongoing drilling campaigns to boost natural gas production. 

Dotzenrath expressed keen interest in enhancing collaboration with Egypt, highlighting bp's projects in oil and gas exploration, emissions reduction, green energy, and sustainability.

El Molla acknowledged bp as a strategic partner in Egypt's petroleum sector, emphasizing the company's positive contributions to oil and gas exploration and production activities. 

He underlined the sector's dedication to resolving challenges for foreign partners and supporting integrated efforts. 

The meeting also addressed global carbon emissions reduction efforts, with El Molla noting the transformation of EGYPES to encompass all energy types and host extensive discussions on this topic in its upcoming February edition.

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