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Ismail: Energy is the Gate to Development

Wednesday, 15th February 2017

In his opening speech at Egypt Petroleum Show, the Egyptian Prime Minister, Sherif Ismail, said that energy is one of the most important ways to reach Egypt’s aspirations and goals towards development, Al Borsa informed.

PM also highlighted that the  Egyptian government is interested in creating an appropriate environment to attract more investments and turn Egypt into a regional oil and gas trade hub.

PM Ismail further pointed out that the government is willing to continue developing and modernizing the sector to achieve the maximum benefits from the new discoveries, especially in the field of natural gas, which Egypt is looking forward to achieving self-sufficiency in within the next two years.

Furthermore, he said that the government is working according to a serious plan to provide power and contribute to securing the overall development needs in Egypt during the coming period.

Ismail mentioned that the philosophy of the change depends on the continued implementation of socio-economic reform adopted by the government.

development gas investments Egyps Oil Prime Minister Sherif Ismail