Sigma Capital

28-07-2025

The Prime Minister meets with the CEO of Shell's global integrated gas business

Source: MIST

Madbouly affirms the government's commitment to supporting the company's investments and paying dues to foreign partners in the petroleum sector.
...Cedric Cremers: The Egyptian market ranks fifth in exploration for Shell International, which reflects the importance of the company's activities in Egypt.
Dr. Mostafa Madbouly, Prime Minister, met at the government headquarters in New Alamein City with Mr. Cedric Cremers, President of Shell International Integrated Gas Business, to review several of the company's activities in the Egyptian market. The meeting was attended by Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and Ms. Dalia El-Gabry, Chairwoman of Shell Egypt.
The Prime Minister began the meeting by noting that he regularly follows up with Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, on the status of Shell's investments in the Egyptian market, noting the importance of the company's investments in Egypt, which greatly benefit the energy sector.
Dr. Mostafa Madbouly affirmed the Egyptian government's interest in following up on the payment of dues to foreign partners as part of its strategy to increase production and exploration rates in various concession areas owned by foreign companies operating in the petroleum and natural gas sector. During the meeting, Mr. Cedric Cremers, President of Shell Integrated Gas, expressed his aspiration to continue cooperation with the Egyptian government and to follow up on the company's investments in the Egyptian market.
Cremers explained that the Egyptian market ranks fifth in exploration for Shell, reflecting the importance of the company's activities in Egypt.
He also explained the efforts made by Shell Integrated Gas, in cooperation with the Egyptian government, in the field of natural gas at the regional level, in addition to the current coordination with Egypt in the field of exploration, as well as meeting the Egyptian state's natural gas needs.
The President of Shell Integrated Gas emphasized the importance of the company's investments in Egypt and his aspiration to cooperate with some Gulf countries to invest in Egypt, as well as to support the Egyptian government's plans to provide natural gas.
During the meeting, the Minister of Petroleum noted the support the Ministry of Petroleum and Mineral Resources has received from Shell to provide natural gas through increased production, a support the Ministry appreciates. The Minister also expressed his appreciation for the existing cooperation with the company in providing natural gas shipments, along with his aspiration to increase the company's investments in Egypt, as well as to enhance new cooperation in the field of applying modern technologies that take into account environmental and civil protection standards in the field of work.
Meanwhile, Ms. Dalia El-Gabry discussed the cooperation efforts and programs implemented by the company in Egypt to support the local community, as well as the implementation of modern procedures and technologies that take into account environmental and civil protection standards.
At the conclusion of the meeting, the Prime Minister expressed his aspiration to increase the company's investments in Egypt, especially in light of the promising opportunities and results in the field of exploration, taking into account the government's commitment to supporting the company's investments and paying the dues of foreign partners in the petroleum sector.