El-Sisi welcomes Egypt cooperation with Shell, urges more exploration
President Abdel-Fattah El-Sisi welcomed the ongoing cooperation between Shell and Egypt on Thursday, stressing the importance of intensifying its exploration and development activities in concession areas.
President El-Sisi made his remarks during a meeting with Shell Global's Chief Executive Officer, Wael Sawan, in the presence of Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Resources Karim Badawi, and Chairwoman and CEO of Shell Egypt Dalia El-Gabry.
El-Sisi also praised the role played by the company in partnership with the Egyptian petroleum sector.
Meanwhile, Shell's CEO thanked the president for his continued support and reaffirmed the company's commitment to the strategic partnership with Egypt's oil and gas sector.
Moreover, the president emphasized Egypt's efforts to improve the investment climate and eliminate any obstacles facing investors.
He also affirmed the state's commitment to paying companies' dues, which helps build mutual trust.
Additionally, both sides discussed ways to enhance the existing cooperation to unlock the full potential of the country's oil and gas sector for mutual benefit.
Shell's CEO also expressed the company's eagerness to continue cooperating with Egypt and exploring further opportunities in the country's promising energy sector.
He praised the Egyptian government's role in facilitating and overcoming challenges.
Shell's presence in Egypt dates back to 1911, with the company operating two concessions in Gemsa and Hurghada.
With over 93,000 employees in more than 70 countries, Shell is the world's second-largest investor-owned oil and gas company.
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