Minister of Petroleum and Mineral Resources Karim Badawi has held a joint discussion session in New Alamein City with Martina Opizzi, Head of North Africa and Levant Region at Eni.

During the meeting, an agreement was reached covering many topics, including the company’s intensification of research and exploration work and the development of its fields in its concession areas in Egypt, as well as increasing the number of operating rigs.

It was also agreed to exploit Egypt’s position as a regional energy trading hub to receive gas produced from Eni’s fields in the Eastern Mediterranean and export it through its existing facilities in Egypt.

The meeting reviewed the positive results and activated what was agreed upon during the meeting of Prime Minister Mostafa Madbouly with Opizzi, during the Egyptian-European Investment Conference, which was held recently.

Moreover, the meeting reviewed the results of recent discussions with Guido Brusco, Eni’s Chief Operating Officer of Natural Resources.

Badawi stated that Eni has a long history of working in Egypt and has achieved many successes, and many investment opportunities are available to increase its activities during the coming period.

The minister also explained that the agreement represents a strong impetus to increase its activities, which contributes to increasing investment and production rates.