Italian oil firm “Eni” intends to bolster investments in Egypt

Egypt’s President Abdel Fatah al-Sisi met on Saturday with Chief Executive Officer of Italian oil producer Eni, Claudio Descalzi, who announced that his company intends to increase its investments in Egypt in the coming period.

Minister of Petroleum Sherif Ismail along with the Italian Ambassador in Cairo Maurizio Mitsara attended the meeting, according to a presidential statement.

Descalzi initiated his speech by offering sincere condolences to the President for the mass beheading of kidnapped Egyptian Copts in Libya last week.

He expressed his concern about the outbreak of terrorist groups, posing a threat to the Middle East region the statement read.