President Sisi inaugurates second edition of Egypt Petroleum Show

President Abdel-Fattah El-Sisi inaugurated on Monday the second edition of the Egypt Petroleum Show (EGYPS), which brings together oil and gas industry executives and policy makers to showcase investment opportunities in the country.

The conference, which runs until Wednesday, is part of the petroleum ministry’s wider oil and gas development strategy.

EGYPS is hosting 400 exhibiting companies and 11 country pavilions from countries that including Bahrain, China, France, Germany, Italy, Norway, Russia, Scotland, United Arab Emirates, United Kingdom and the United States.

The platform will feature success stories and the government reforms and policies undertaken to enable them, Petroleum Minister Tarek El-Molla said, according to state-run MENA news agency.

Egypt’s industry witnessed four “successes” last year, with the addition of over 1.6 billion cubic feet of gas produced from Nooros, Atoll, Zohr, and North Alexandria, Minister El-Molla said, in addition to a new law regulating the natural gas market.