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Source of oil: the largest American company to implement the pipeline to transport sea gas between Egypt and Cyprus

Economy and stock exchange

A source in the oil sector that Noble Energy, one of the largest American companies working in the field of oil and gas, is determined to enter into the implementation of the gas pipeline between Egypt and Cyprus to transport gas from Cyprus to Egypt in the framework of transforming Egypt to a regional center for trade and energy.

The source explained in special remarks to "the seventh day" that strengthens the position of the company that it is involved in the development of Cypriot gas fields discovered in the Mediterranean Sea.

The official of the Ministry of Petroleum has met with the President of the company company Nobel Energie several times over the past two years to discuss the investment opportunities available to the company in the Egyptian oil sector.

Today, President Abdul Fattah Al Sisi received David Stoffer, Chairman and Chief Executive Officer of Noble Energy, a US company specialized in natural gas exploration and exploration, in the presence of a number of company officials.

Ambassador Bassam Radhi, Spokesman for the Presidency of the Republic, said that the meeting discussed the prospects for developing the activities of Noble Energy in Egypt. In this context, Stover praised the Egyptian vision of achieving comprehensive economic development, stressing that Egypt is at the forefront of countries Which the American company is interested in developing investment in light of the current positive investment climate in the country, in addition to the promising opportunities of the energy sector in Egypt, especially in view of the great interest paid by the State to develop this vital sector, The necessary ingredients for The success of this trend, including the unique geographical location, the discoveries in the oil and gas fields, the advanced infrastructure of the gas pipeline network and the liquefaction plants, and the ongoing regional cooperation projects to link, transport and liquefy the gas.

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