President Sisi receives the CEO of the Italian company Eni
President Abdel Fattah El-Sisi received, today, "Claudio Descalzi", CEO of "Eni" Guido Brusco, CEO of Natural Resources Operations, Francesco Gaspari, General Manager of the company’s branch in Egypt, and Mahmoud Abu Al-Yazid, Deputy General Manager of the company’s branch in Egypt. Egypt, as he praised The President emphasized the company’s societal role, through its support for many development projects in Egypt.
Ambassador Mohamed El-Shenawy, the official spokesman, stated that the CEO of Eni in turn affirmed his pride in the fruitful cooperation between the two sides, praising in this context the efforts of the Egyptian state to facilitate investors, in a way that benefits both parties, and reiterated his company’s keenness to strengthen its role as one of the largest players in the energy market in Egypt, due to the sector’s Promising opportunities, whether with regard to local production or export abroad. "Descalzi" The company intends, in cooperation with partners, to inject additional investments into the Egyptian market with a total value of $8 billion over the next five years, in the field of developing existing fields and carrying out further exploration. Whether in the petroleum sector, or its societal role in supporting local communities.
The official spokesman indicated that the meeting also witnessed a review of the developments in the company’s business and activities, and its projects in Egypt, as well as its future plans for gas exploration and production in the country, where the company’s keenness on its strategic relationship with Egypt was emphasized, in light of the pivotal Egyptian role as a regional center for the trading and production of energy and liquefied gas.
It was also discussed what the company intends to Pumping investments in other fields, such as mining, during the coming period. Developments in the position of linking the Cypriot Kronos field to the Egyptian infrastructure were also reviewed to enhance Egypt’s position as a regional center for energy and gas trading. For his part, he stressed The President emphasized the importance of continuing the fruitful process of cooperation between Egypt and the company, through expanding research, exploration and production activities and efforts in Egypt, with the aim of achieving optimal exploitation of Egypt’s natural resources and the gas and energy sector, in light of the Egyptian state’s keenness to continuously develop the investment climate in the country. He also stressed The President stressed the state’s keenness to adhere to paying the dues of foreign partners, considering that this is essential in supporting the company’s efforts to expand in the field of production and exploration.
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