Consultant Mohamed Al -Hamsani, a representative of the Council of Ministers, confirmed that this achievement takes place as part of a clear government plan to accelerate oil intelligence at the next stage.
He explained that the payment of contributions contributed to the motivation of foreign companies to increase production rates from existing regions, which supports the national economy and increases energy security in the country, noting that the government is working to ensure an attractive investment environment for global companies, and that this payment reflects the seriousness of the government in fulfilling its obligations, which increases the trust between Egypt and its partners in the energy sector.
The representative of the Government of Egypt expected that the upcoming period would be a witness to a significant increase in intelligence and production investments, especially in the light of the enormous capabilities of the gas fields in the Mediterranean, emphasizing that the government seeks to achieve self -esteem of energy, with an accent to increase exports in support of cash reserves.
Al -Hkomsani noted that the Egyptian government is working on coordination with international partners to develop technologies used in intelligence to maximize the benefits of natural resources.
In a connected context, the Prime Minister of Egypt Mustafa Madbuli today headed the meeting to carry out the procedures for providing the necessary financial loans to ensure the safety of oil materials for the operation of power plants, as well as discuss the settlement of the debt of government agencies for electricity.
The press -secretary of Homsani explained that the government is working to overcome obstacles to foreign companies, having developed ambitious plans to expand intelligence in new regions in the Mediterranean and the Red Sea, emphasizing that the purpose of the Egyptian government is to transform Egypt to the regional center of trade and distribution of natural gas, while it benefits from its strategic location.
The oil and natural gas sector in Egypt is one of the most important pillars of the national economy, since it makes a significant contribution to the gross domestic product and provides the needs of local energy, as well as the export of excess to global markets.
In recent years, Egypt has become a witness to a breakthrough in the field of natural gas discoveries, especially on the Dhahr field in the Mediterranean, which made it a regional energy center, but the Egyptian government has encountered problems related to the accumulation of foreign companies operating in the sector, which influenced the trust of investors in some periods.
Source: RT