Egypt Independent

Nobel Energy considering participating in transferring Cyprus gas to Egypt



 

American petroleum and natural gas exploration and production company Noble Energy, is considering taking part in the construction of a pipeline to transport gas from Cyprus to Egypt, where the company is currently involved in the development of gas fields discovered there.

The company’s vice President Brian Essner, and the Senior Vice President of the Eastern Mediterranean area Keith Elliott met with Egypt’s Petroleum Minister Tarek Al-Mulla on Friday.

Essner said that the company is following Egypt’s reforms in the energy sector, which have led to a number of important discoveries in the Mediterranean Sea.

He stressed the interest of the company to invest in the Egyptian petroleum sector, whether in the bids announced by the ministry or participate with companies currently operating in the areas of research and exploration.

The minister discussed with the company officials the investment opportunities offered by the petroleum sector, the most important of which are the new bids that will be announced during the coming period, especially after the success achieved in the field of gas production, especially from the Mediterranean Sea and the Nile Delta.

The Minister also presented Egypt’s plans to become a regional center for the trading of petroleum products and natural gas.

Edited translation from Al-Masry Al-Youm