Thursday 25/Sep/2025 – 06:05 PM
Dr. Mustafa Madbouly, Prime Minister, met today at the government headquarters in the new administrative capital, Guido Brosco, CEO of Natural Resources Operations at Eni, Italy; To review the company’s investment plan in Egypt during the coming period, in the presence of Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and a number of company officials.
At the beginning of the meeting, the Prime Minister expressed his appreciation for the existing cooperation between the Egyptian government and the Italian company “Eni”, stressing that the company has great support from President Abdel Fattah Al -Sisi, President of the Republic.
He also expressed his aspiration to intensify this cooperation, especially in light of the company’s major investments in the Egyptian market, noting that the Italian company contributes about 40% of natural gas production in Egypt.
During the meeting, the Minister of Petroleum and Mineral Resources praised the existing cooperation with “Eni”, appreciating the company’s interest in increasing the levels of cooperation with the Egyptian government by expanding production operations during the recent period, and expressing his aspiration for the continuation of this existing cooperation between the two sides.
He also praised the company’s activity in Egypt, whether in the oil sector or its community role to support local communities.
While the CEO of natural resources operations at the Italian company “Eni” praised the support of the Egyptian government for companies operating in the petroleum sector, and its commitment to pay the dues of foreign partners, given that this matter is essential in supporting the company’s efforts to expand production and exploration.
He also praised the government’s efforts to provide an appropriate climate for investment in the oil sector.
Joido Brosco explained that the company is one of the largest producers and investors in the Egyptian oil sector, considering that what distinguishes the Egyptian market is the ability to facilitate the production process and enter the fields into production quickly compared to other countries.
During the meeting, Brosco announced that the company intends, in cooperation with the partners, to pump investments in the Egyptian market with a total value of 8 billion dollars during the next five years, in the field of developing existing fields and making more exploration.
He also explained that the company has started expanding in other areas such as mining for rare metal elements, noting that the company is studying investment in this field during the coming period.
The CEO of natural resources operations at the Italian company “Eni” dealt with the company’s efforts in the field of social service, especially in the health sector, to support local communities.
At the end of the meeting, the Prime Minister welcomed the company’s intention to pump investments in the Egyptian market worth $ 8 billion during the next five years, calling for the speedy exploration and development of fields, and affirming his full support for the company in order to accelerate the implementation of this plan.
