Egypt Petroleum Sector in a Year - February 2019

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EGYPT’S PETROLEUM SECTOR IN A YEAR MODERNIZATION PROJECT

2.1 OVERVIEW Egypt’s MoP has successfully launched in 2016 a project to modernize the petroleum sector through a comprehensive strategy to achieve sustainability in the sector.

With a vision to achieving development, the Modernization

number of development projects in this record time. The MoP

Project aims, through its various activities, to increase

announced that the preliminary estimates of the total expected

contribution to the country’s economic growth.

return of the program is to reach about $ 7-9 billion.

The period from 2016 to 2018 witnessed many achievements and reforms. The MoP was able to accelerate a remarkable

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