Mulla
Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for oil.
In the past 2 years, natural gas industry greatly developed, the minister said.
Mulla said that his ministry is planning to introduce amendments into the law of mineral resources that are aimed at attracting more investments into the field.
Egypt has emerged as an attractive destination for foreign energy firms following a string of major discoveries in recent years including the giant Zohr offshore field.
Mulla urged developed countries to help Africa to upgrade the energy domain.
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.
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