Continental Focus, International Reach

Noble Energy Eyes Egypt

Wednesday, May 22, 2019

David Stover, chairman of Noble Energy, in a meeting with Egypt’s President Abdel Fatah al-Sisi said that the North African country was among its top countries where it was looking to expand its investments.

According to a report by Egypt Today, Stover praised Egypt’s ambitious vision to achieve economic development and the current positive investment environment. The chairman affirmed that Egypt possesses all the necessary factors for developing the oil and gas sector, which is a priority for the country at present. Those include the geographical location, the recent discoveries, and the infrastructure embodied in the transfer pipes networks and liquefaction plants.

The president directed Egyptian officials to cooperate with Noble Energy to boost gas exploration works in the country. The meeting was attended by Minister of Petroleum and Mineral Resources Tarek El Molla, and senior managers at the company.