Three Messages to the Egyptian Citizen, Petroleum Workers and International Companies Operating in Egypt
Eng. Sherif Haddara, Minister of Petroleum and Mineral Resources addressed a number of messages, after he took over the Ministry of Petroleum and Mineral Resources, to the Egyptian citizen, the Petroleum Sector workers and International companies operating in Egypt.
The First Message: For the strong Egyptian citizen that carries odds and sacrificed for the sake of his homeland , we promise to work hard to develop and improve the system of services provided to him in the domain of oil and gas, and that the next phase will witness the implementation of a number of practical solutions for fuel and energy crisis, especially with the relative decrease in the phenomenon of queues on diesel and gasoline, with the arrival of the Libyan and Iraqi crude oil shipments next month, as a result of the government's moves within foreign visits in the last period. He added that maximizing the utilization of the Petroleum Sector in bolstering the national economy in this crucial period of Egypt’s history , is a strategic goal, through optimum use of resources. The Minister stressed on continuing the expansion in the delivery of natural gas to houses, as a modern, civilized and safe alternative for most governorates of Egypt, in addition to providing the needed fuel for power plants to ensure the regularity of the power supply with proper use and rationalization of electricity in Summer , as well as tightening control to eliminate the phenomenon of smuggling of petroleum products in cooperation with the competent organs of the State to ensure the arrival of petroleum products to the Egyptian citizen.
He appealed the Egyptian citizen of the importance of concerted all efforts during the coming period to cross this difficult transitional period, and that the transparency and credibility is the only way to build confidence and success to what we aspire, stressing that the Mineral resources, Egypt enjoys, considered one of the strategic priorities in the coming period. He also stressed the importance of maximizing Egypt's share of its oil resources in future contracts and agreements.
The Second Message: To my colleagues at the petroleum sector, who are considered the solid core for the continuation of the Petroleum Sector pivotal role, which comes on top of its priorities the provision of petroleum products and natural gas for the domestic market and keep on maximizing the value of petroleum exports to finance economic development plans, stressing my full confidence of their national belonging and enduring their historic responsibilities in that difficult period that Egypt witnesses after the glorious revolution of January 25, calling them for exerting more effort to increase production rates and regulate the work wheel. Noting that the coming period will witness maximizing the experience of workers through courses, missions and training, as they are the manpower of the Egyptian economy.
The Third Message: To our business partners of the International, Arab and domestic oil companies working in Egypt within the various petroleum activities; a message of confidence for the wheel of production and work continuity to intensify oil and gas exploration activities and joint projects implementation in the various fields of petroleum industry along with working on attracting more investments and commitment to the plans and programs and the development of the discovered fields so as to increase reserves and production of oil and gas, through the application of the latest technologies to improve the rates of oil extraction from existing fields, with the end of the easy oil extraction era. As any other country, Egypt seeks to secure its energy requirements throughout applying the latest technologies as well as increasing refining capacity and manufacturing development. He pointed out that there are many challenges facing the petroleum industry in Egypt to ensure the needs of present and future generations represented in consumption increasing significantly, which requires more work to increase production rates to achieve balance and to secure additional sources for oil & gas production together with prolonging the life age of reserves. He noted that, there are three main axes, currently being implemented to achieve these goals, e.g. support and encourage exploration activities in frontier and new areas such as the Gulf of Aqaba and the Red Sea, which requires attracting investments and use of the latest technologies , encouraging partners and attract new companies to invest in exploration activities in these areas, in addition to working to increase production rates and reserves from existing fields through production enhanced methods projects, as well as encourage the trend of extracting oil shale & shale gas as sources of non-conventional energy, in addition to working on maximizing the role of scientific research in the areas of exploration and production. In addition, continuing to establish Egyptian petroleum industries, working hard to revamping the refining industry system and petroleum products trading and pushing forwards the petrochemical industry to launch new projects, especially in the small and medium enterprises, which provides various jobs as well as small investments so as to maximize the value added of petroleum resources and achieve optimal economic exploitation.