Egypt is the largest non-OPEC oil producer in Africa,
as well as the continent’s second-largest natural gas
producer. With Egypt currently implementing the
Petroleum Sector’s Modernisation Project, aiming at a
sustainable development of the petroleum sector, UK
companies are keen to get involved in the many business
opportunities presented.
More than 100 attendees joined the webinar, among them
the British Ambassador to Egypt, Sir ,
who delivered an opening speech and a country economic
and security briefing. Egypt’s Undersecretary of the
Ministry of Petroleum’s Technical Office, Osama
Mobarez, also attended the event and gave an overview
of Egypt’s energy priorities. In addition, the CEO of
the Egyptian General Petroleum Corporation, Eng. Abed
Ezz El Regal, participated and highlighted the
important opportunities in Egypt’s oil and gas project
pipeline.
The British Egyptian Business Association, the Egyptian
British Chamber of Commerce and the Aberdeen &
Grampian Chamber of Commerce have all promoted the
event to their members alongside the Department for
International Trade and Scottish Development
International. The event demonstrated the level of
enthusiasm amongst the participants from both the UK
and Egypt to trigger a new era in Energy Transition.
British Ambassador to Egypt, Sir ,
said:
I was delighted to join this webinar today, and to
thank everyone involved in putting it together. I
spoke about the direction we have received from the
President of Egypt and the Prime Minister of the UK
to boost as much as we can the relations between our
two countries, not least in the field of trade and
investment; and I encouraged UK companies to take
advantage of the opportunities here in Egypt,
particularly as it reforms its energy markets and
heads towards net zero.’
Undersecretary - Minister’s Technical Office, Ministry
of Petroleum & Mineral Resources, Osama Mobarez
said: > Egypt and the UK enjoy longstanding ties
with special strategic partnerships in the oil and gas
sector. The Egyptian Ministry of Petroleum and Mineral
Resources has adopted several reforms and policies to
ensure energy security, financial stability and enhance
the investment environment to avail more opportunities.
These reforms have resulted in several successes
providing more opportunities to our partners and
driving further achievements.
SDI’s Regional Manager for Africa and Middle East,
Andrew Monaghan stated: ‘
It has been a great pleasure to co-present this
successful event with our Egyptian partners and our
colleagues in DIT. Over the last 50 years of
exploration and production in the North Sea, Aberdeen
in Scotland has gained prestige as the oil and gas
capital of Europe, and with justification, our Subsea
engineering skills lead the world. The global energy
industry is undergoing a massive transformation, from
fossil fuels to renewables, and the UK is at the
forefront of that transformation, as the recently
released report by Aberdeen-based Oil & Gas
Technology Centre on UK’s journey toward a net-zero
energy future excellently portrays. It is a journey
we invite our Egyptian partners to take with us.’
