Egypt’s Petroleum Ministry launches digital platform to attract investments

Egypt’s petroleum sector is on track to prosper thanks to a new service that will make it easier for investors to spot opportunities in the country.

Launched by the Ministry of Petroleum and Mineral Resources, the Upstream Gateway digital platform aims to market petroleum areas globally, according to a statement.

It will also provide the geological data required by current and potential investors and promote bids in the North African country’s oil and gas exploration field.

The petroleum sector is implementing an integrated digital transformation program as part of the project to develop and modernize the industry, which began in 2016.

The program aims to improve performance and raise the efficiency of operations by establishing an integrated and unified digital system that links all activities of the sector and makes data available to support and speed decision-making while combating challenges.

The sector works to apply governance systems by taking advantage of modern technologies to link all oil companies and facilities by establishing an enterprise resource planning and management system.