Petroleum minister, ExxonMobil officials discuss increasing investments in Egypt

MENA , Wednesday 3 Aug 2022

Minister of Petroleum and Mineral Resources Tarek El-Molla discussed with a delegation from ExxonMobil upping the international company’s investments and activities of marketing and distributing fuel in Egypt.

Tarek Molla - ExxonMobil
Minister of Petroleum and Mineral Resources Tarek El-Molla and delegation from ExxonMobil. Egyptian Cabinet Official Site


In statements on Wednesday, El-Molla asserted that ExxonMobil is an important global partner to Egypt and contributes to marketing and distributing fuel in the domestic market in accordance with global standards.

The minister commended efforts exerted by the company to promote its activities and investments in Egypt, in addition to constant development to meet needs of consumers.

El-Molla followed up on ongoing cooperation with the company to provide cars with natural gas in Mobil filling stations in cooperation with GASTEC and CARGAS.

In turn, ExxonMobil’s regional chairman for marketing and fuel sales affirmed Egypt is an important market for the company.

The company said it is ready to probe joint cooperation with Egypt during the UN Climate Change Conference 2022 (COP27), slated for November in Sharm El-Sheikh.

ExxonMobil is the one of the world's largest publicly traded international oil and gas companies.

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