EGYPS 2020 4th Edition in FebruaryEgypt’s Minister of Petroleum Tarek el-Molla at Egypt Petroleum Show (EGYPS 2020) press conference (Asharq Al-Awsat)Cairo- Sabri NajehEgypt’s Minister of Petroleum Tarek el-Molla said that Petroleum Show (EGYPS 2020) will discuss several topics, including financing amid the current global economic conditions, given that the petroleum sector is one of the largest industries that acquire investments and financing. The Minister was speaking at a press conference to announce the fourth edition of EGYPS 2020 in February, under the auspices of President Abdul Fattah El-Sisi. Meanwhile, the minister announced that the "Egyptian Refining Company” project started its operation after completing the trial phase. He added that the oil sector continues its research and exploration activities in production areas such as the Gulf of Suez and the Western Desert to find new discoveries and enhance Egypt's oil production. In a press release, of which Asharq Al-Awsat obtained a copy, Molla said that ExxonMobil’s return to Egypt for oil and gas exploration represents an added value to the successes achieved by the oil sector.

Source: The North Africa Journal January 29, 2020 10:18 UTC