10 / 32
OAPEC Activities
10
Volume
45
Issue
3
22
ND
INTERNATIONAL CONFERENCE ON PETROLEUM,
MINERAL RESOURCES AND DEVELOPMENT
OAPEC Secretariat General took part in the “22nd International Conference on Petroleum,
Mineral Resources and Development” held by the Egyptian Petroleum Research Institute (EPRI)
in Cairo, Egypt, on 26-28 February 2019, under the auspices of Egypt’s Minister of Petroleum
and Mineral Resources HE Engineer Tarek El Molla, in the presence of OAPEC Secretary General
HE Abbas Al Naqi and EPRI’s Acting Director HE Dr Yasser Mostafa. Various petroleum issues
have been tackled at the conference.
In the opening session, HE El Molla
pointed out that the Egyptian petroleum
sector is building up an ambitious strategy
to fulfil “Egypt’s 2030 Vision” to utilize
natural resources for achieving sustainable
development goals. He added that the
ongoing project on upgrading and developing
the Egyptian petroleum sector is progressing
towards tangible fruitful results in: attracting
investments; supporting youth careers to
assume leading duties (in order to boost the
development of natural resources); in addition
to maximising the resources added-value.
He drew the attention to recent
unprecedented results in the petroleum
industry in Egypt, on top of which: halting
LNG imports and self-sufficiency (through the
growing domestic production from significant
discoveries in the past two years), which should
help Egypt starting to export the surplus.
The minister also stressed the importance
of modern technology in developing the
petroleum industry and the necessity of linking
scientific research with the petroleum industry
to keep in pace with the latest in exploration,
drilling, production, and to improve the
petroleum products’ quality to be more
feasible economically.
It is worth mentioning that the conference
importance stems from the topics it tackled
including: developing the energy sector to
contribute to the country’s development plan;
building a competitive diverse economy; and
the Afro-Egyptian partnership to underscore
the Egyptian role in Africa.
Conference president and EPRI’s Acting
Director Dr Yasser Mostafa said in his speech
that the conference is an annual scientific