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Thursday, August 1, 2024
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Ali Rashid Al Jarwan, President of the UAE’s Dragon Oil, held a meeting recently during which they discussed cooperation in the energy sector through their partnership in the Gulf of Suez Petroleum Company (GUPCO).
The meeting also highlighted what the Minister observed during the field visit to Ras Shuqair last week. The visit demonstrated a strong commitment to implementing production plans, adhering to occupational safety and health requirements, protecting the environment, and relying on innovation, dialogue, and modern technologies for safe operations and achieving production goals.
Badawi emphasized the potential of the Gulf of Suez region and the importance of leveraging modern technology in various ways to expand production horizons. Meanwhile, Al Jarwan stressed the effort to acquire more areas and invest in their potential to expand in Egypt and develop a strategy for future cooperation to increase production and overcome challenges.
Source: Ministry of Petroleum and Mineral Resources
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