ExxonMobil eyes expansion in Egypt soon

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ExxonMobil’s Senior Vice President Loic Vivier to discuss the company’s expansion plans in Egypt

Staff Writer, Arab Finance

October 16, 2023

PHOTO

Egyptian Prime Minister Mostafa Madbouly has met with the US-based ExxonMobil’s Senior Vice President Loic Vivier to discuss the company’s expansion plans in Egypt in the coming period, as per a statement.

During the meeting, the Minister of Petroleum and Mineral Resources Tarek El-Molla announced that the production from an oil exploration well affiliated to the American firm in Egypt is expected to start within a few months.

For his part, Vivier noted that the company has significant investment plans in Egypt.

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