Shell Egypt participated in a panel discussion this week entitled, ‘FUTURE OF OIL & GAS; CHALLENGES AND OPPORTUNITIES’. This session is part of Egypt’s Virtual Week activities, which takes place from November 9-12, 2020. The session was attended by Dr. Tarek El Molla Egyptian Minister of Petroleum and Mineral Resources, as well as select leaders and heads of various international companies operating in the petroleum sector in Egypt.
“We, at Shell, believe that Egypt is a promising and fledging market that is full of economic potential. This conclusion is driven by the rapid growth of Egypt’s population, of around 100 million, as well as its strategic location that links the Middle East, Europe, Africa and Asia. This makes Egypt an ideal trade hub. Not to mention its ability of implementing economic reform programs that enabled the country to achieve economic stability and attract more investments further down the road,” noted Khaled Kacem, Vice President, Country Chairman and Managing Director of Shell Egypt.
Egypt’s Virtual Week aims to discuss the country’s approach of moving towards a green economy, in all sectors. This approach confirms Egypt’s commitment to achieving the United Nations’ Sustainable Development Goals (SDGs), which simultaneously come in line with Egypt’s 2030 vision.
“The current period is witnessing unprecedented achievements that reflect reaping the benefits of the Egyptian strategy to bring about comprehensive development, at large, to all sectors. Shell has been a proud operator in Egypt for more than a century. We’re actually very proudly celebrating 110 years in Egypt next year in 2021. And we are also one of the very few integrated energy companies with presence in the full value chain, with activities integrating the upstream, midstream and LNG, trading and downstream, which contributed to strengthening our position as a major player in the Egyptian market,” he added.
This virtual week was organized by the British Egyptian Business Association (BEBA), together with the Egyptian-British Chamber of Commerce, in cooperation with The Ministry of International Trade, as well as the Egyptian Embassy in the United Kingdom.
“The company’s keenness is to meet the need for more clean energy solutions in a safe, economic, environmental and socially responsible manner. Attaining the previous goal will be fulfilled by limiting environmental impact pertinent to all the company’s operations and in the communities in which it operates. Shell Egypt relentlessly works on the safety of its employees and contractors. The company’s strategy aims to contribute and support the countries in which it operates and enabling them to overcome the health crisis and the associated economic ramifications. The company’s local contributions have reached around EGP 6 Million,” Mr Kacem concluded his words by highlighting Shell’s implementation of Goal Zero principle of no harm to people and no leaks.