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In light of the energy transition, President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, met with Claudio Descalzi, Chief Executive Officer of Eni agreed on the opportunity to implement a set of solar and wind power projects, targeting 10 GW of installed capacity in the forthcoming years.
Abdel Fattah El-Sisi, met with Claudio Descalzi to follow up on Eni’s activities in the country and the areas of common interest and collaboration. The Prime Minister of Egypt, Mustafa Madbouly, and the Minister of Petroleum & Mineral Resources Tarek El-Molla were also present at the meeting.
Mr Descalzi elaborated also on the strategy to accelerate the decarbonisation and energy efficiency solutions.
The main issues addressed were the production of natural gas and LNG exports, areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr gas field.
Eni has been present in Egypt since 1954, where it operates through the subsidiary IEOC. The company is currently the country’s leading producer with an equity production of hydrocarbons of approximately 350,000 barrels of oil equivalent per day.