Egypt
El-Mulla Meets with Chilean Ambassador and Enap Sipetrol Officials
Published on : 2024-05-20
Engineer Tarek El Mulla, the Egyptian Minister of Petroleum and Mineral Resources, welcomed Roberto Ibarra, the Chilean Ambassador to Cairo, along with Julio Friedman, the President of Chilean company Enap Sipetrol, and Dennis Abu Deneen Buto, the company's CEO in Egypt. The meeting centered on the company's activities and future plans in its operational areas in the Western and Eastern deserts of Egypt.
During the discussion, Minister El Mulla emphasized the successful partnership between the petroleum sector and the company in targeting the launch of petroleum resource potentials in Egypt, highlighting the investment opportunities available and Egypt's capabilities in the petroleum and gas sectors. The company's president reaffirmed its commitment to Egypt, outlining its strategic plan to expand its business portfolio and enhance investments in light of its promising results.
He also pointed out the company's extensive experience and advanced technology in research and exploration, expressing its desire to contribute to economic growth, sustainable development, and strengthen its position as a strategic partner in Egypt's petroleum sector. Additionally, the company's social contribution activities in its operational areas were highlighted, including training programs, workshops for nearby residents, school and residential building renovations, as well as providing medical equipment to hospitals.
Enap currently operates the East Ras Qattara concession in the Western Desert with a 50% share and owns a 100% stake in the West Amer concession in the Eastern Desert. Its total investments in Egypt amount to $581 million, with a current production of approximately 10,000 barrels per day. Engineer Alaa Hajjar, the Ministry's Undersecretary for Technical Affairs, also attended the meeting.




