The meeting was attended by Karim Badawi, Minister of
Petroleum and Mineral Resources, and Dalia El-Gabry, Chairperson of Shell
Egypt.
The Prime Minister confirmed regular follow-up on Shell’s
investments in coordination with the Minister of Petroleum, stressing the
significance of the company’s role in supporting Egypt’s energy sector. He
reaffirmed the government’s commitment to settling the dues of foreign partners
as part of a broader strategy to increase production and exploration rates
across concession areas operated by international companies in the oil and gas
sector.
Cremers expressed interest in maintaining cooperation with
the Egyptian government and continuing the implementation of Shell’s investment
plans. He noted that Egypt ranks fifth globally in Shell’s exploration
activities, reflecting the strategic value of its operations in the country.
He also reviewed the company’s efforts in collaboration with
the Egyptian government in the natural gas sector on a regional level, in
addition to ongoing coordination on exploration and securing Egypt’s natural
gas needs. He emphasized the importance of Shell’s investments in Egypt and
outlined prospects for joint investment with Gulf countries to support Egypt’s
energy development efforts.
Badawi highlighted the support provided by Shell in
increasing gas production and securing natural gas shipments. He expressed
appreciation for the ongoing cooperation and looked forward to expanding the
company’s investments, especially in adopting advanced technologies that meet
environmental and safety standards.
El-Gabry reviewed Shell Egypt’s community engagement
programs and the application of modern procedures aligned with environmental
and civil protection requirements.
Madbouly underscored the importance of expanding Shell’s
investments in Egypt, particularly in light of promising exploration
opportunities and the government’s commitment to supporting foreign partners
and fulfilling financial obligations in the petroleum sector.