Minister of Petroleum and Mineral Resources Tarek el Molla discussed with a delegation from Austrian oil and gas group OMV the investment opportunities available in the fields of exploring and producing oil and gas in light of OMV’s desire to return to the Egyptian market.
The meeting was held on the sidelines of the Egypt Petroleum Show (EGYPS 2020) that kicked off on Tuesday.
Molla welcomed the Austrian company’s orientation and interest in returning to investment in Egypt, stressing that all means of success and sustainability would be provided in this regard.
The minister added that the investment climate in Egypt’s petroleum industry has achieved tangible progress, pointing out to the measures taken to facilitate investment and remove obstacles facing international companies seeking to inject investments in the country.
Meanwhile, the Austrian company officials said they look forward to returning to work in Egypt, expressing hope that Cairo would be their new key to success in the Middle East region.