President El-Sisi Meets CEO of Eni

alhadath – cairo

Today, President Abdel Fattah El-Sisi met with the CEO of Eni, Claudio Descalzi, and his accompanying delegation of senior executives from the company, in the presence of Minister of Petroleum and Mineral Resources Eng. Karim Badawi.

The Spokesman for the Presidency said the meeting touched on efforts to develop the distinct relations between Egypt and Eni. Mr. Descalzi stressed that he valued the fruitful cooperation between the two sides, praising the Egyptian government’s efforts to offer facilitations to investors in a way that benefits both parties. He also stressed Eni’s keenness to enhance its role as one of the largest companies in the energy market in Egypt, given the promising opportunities the sector offers, in terms of local production or export.

President El-Sisi noted the relationship between Egypt and Eni, which reflects the strong cooperation between Egypt and Italy in various fields. The President affirmed Egypt’s keenness to continue the development of the investment climate in Egypt, stressing the government’s continued efforts to further benefiting from the energy file. The President also praised the company’s community role and its support for a number of development projects in Egypt.
The meeting reviewed how Eni developed its activities in Egypt in the fields of research and exploration, as well as operations that will enable it to maintain high production rates from the fields, in addition to the progress made in energy efficiency and sustainability projects, which enhance efforts for a fair energy transition.