Petroleum Minister Tareq el Mulla asserted that encouraging investments and turning Egypt into a regional energy center represent a top priority for the petroleum sector.
He made the remarks on Tuesday while chairing a meeting of the high committee for the petroleum sector development project.
He said the project aims mainly at encouraging investment in oil prospecting and production, improving the oil refining industry and products' distribution, turning Egypt into an energy trade hub, developing human resources and using top-notch working mechanisms.
He underscored that human resources development is the cornerstone for realizing progress.
The meeting tackled challenges facing the oil sector and ways of realizing its aspired development goals.