On 3rd July 2018, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Giampaolo Cantini, the Italian Ambassador to Cairo.
They discussed the activities and investments of the Italian companies in Egypt's onshore and offshore regions in the domains of petroleum resources exploration and production. That’s besides the recent achieved successes, as well as the ways of increasing joint cooperation and developing the Italian investments in all domains of oil and gas industry. The meeting also reviewed the available investment opportunities in different petroleum activities during the coming period and the economic reforms that Egypt implemented, which were reflected, positively, in attracting more investments to the petroleum industry.
For his part, the Italian ambassador praised the Petroleum Sector’s boom and the recent results achieved, asserting the significance of constructive cooperation and strategic partnership between the Sector and Italian companies, which contributes to the development of the petroleum resources. He also added that the Italian government enhances the cooperation with Egypt in all energy domains.