Energy Boardroom Releases New Egypt Inside Oil & Gas Report 2017
17.07.2017 / Energyboardroom
Energy Boardroom today releases a new report on the Oil & Gas sector in Egypt ‘Inside Oil & Gas Egypt.’
With recent instability having largely calmed, Egypt is in the process of recovering its position as a regional power and a serious global hydrocarbons contender. The first two years of the presidency of H.E. Abdel Fattah El Sisi, interviewed in full in this report, have seen encouragement gained from the supergiant Zohr gas discovery in 2015 and several large-scale megaprojects slated for 2017 openings such as BP’s West Nile Delta and Siemens’ Egypt Megaproject. Despite the ongoing issues of political insurgency, the Egyptian administration plans to capitalize on the country’s relative stability and rebalancing economy; positioning Egypt as the Eastern Mediterranean’s principal energy and transit hub.
This report examines:
Egypt’s E&P renaissance
The revitalization of the country’s mature oil and gas fields
Egypt’s region-leading refinery capabilities
The nation’s most valuable resource: its people
Through in-depth interviews with politicians including President H.E. El Sisi and Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, CEOs of multinationals implanted in Egypt such as BP, Apache, Baker Hughes and Pico Cheiron, and the representatives of the most innovative and successful domestic outfits, a picture emerges of a nation determined to promote stability and make the most of its bountiful natural assets.
“The focus at this turning point of Egypt’s history is to restore the functionality of the Egyptian economy through an extensive agenda for economic and social reforms, coupled with the ongoing political reforms.”
H.E. President Abdel Fattah El Sisi
“The success of Egypt as a future energy hub will also depend on the available downstream infrastructure.”
Mohamed Saafan, ECHEM
“Taken as a whole, Egypt offers a very attractive package that stands out within the region: profitable operations, established industry and mature leadership.”
Mahmoud Dabbous, IPR
“Egypt is rather unique because it combines natural resources availability with the readiness of local demand.”
Thore Lohmann, ThyssenKrupp
Click here to download the report.