Egypt's Sisi discusses cooperation with Bechtel and BP

Ahram Online , Tuesday 11 Feb 2020

President Abdel Fattah El-Sisi met chairman and CEO of Bechtel Group Brendan Bechtel in Egypt, 11 February 2020 (Photo courtesy of Egyptian Presidency spokesman official Facebook page)

Egypt to set up its first oil and gas exploration website to help foreign investors

President Abdel-Fattah El-Sisi met with the CEO of Bechtel Corporation, Brendan Bechtel, in Cairo on Tuesday, and discussed ways to boost cooperation with the US firm.

El-Sisi expressed his appreciation for Bechtel's projects in Egypt's oil and gas sector, adding that Egypt is keen for its megaprojects to benefit from the corporation's expertise in the fields of transportation, construction and water treatment, a statement from the president's office read.

The US businessman stated that his company is hoping to increase its operations and its projects in Egypt, referring to the upcoming petrochemical complex planned for the Suez Canal Economic Zone that is currently being discussed with the petroleum ministry.

El-Sisi also met on Tuesday with the CEO of British Petroleum (BP), Bernard Looney, to discuss cooperation with the firm and its operations in the country.

The president also expressed his hope that BP will increase its investments and operations in the country, according to a presidential statemen

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