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Speakers discussed the importance of having supportive governments to boost the oil and gas business and help the energy transition. “The most important thing Dragon Oil found is that cooperation with the government is fantastic. We are partners with the government through the EGPC,” Al Jarwan noted. Rigas agreed saying that “it is very rewarding to be investing, it is very rewarding to be doing business in countries like Egypt, where there is a great support of governments.” Capricorn sees “a very attractive investments destination, and why do we see that? Because the government is supportive. They want Egypt to reduce more. They want net-zero on a responsible basis, but there is a huge demand for oil and gas not just locally, but also regionally,” Thomson added. Energy transition could not have come at a more convenient time, when advanced technology can support achieving it. “I think it is will be the era of innovation because a lot of changes are happening to the industry. Continued in page 3
On the second day of the fifth anniversary edition of the Egypt Petroleum Show (EGYPS 2022), a highly informative Strategic Conference took place at the Egypt International Exhibition Center. This conference has successfully connected industry leaders from several countries to talk about the updates of the oil & gas, and energy industry worldwide. The Strategic Conference reviewed both energy challenges and opportunities, especially in Egypt, Africa and the East Mediterranean.
Connected Market The first discussion of the second day of EGYPS 2022 was the Strategic global business leaders session, entitled ‘Unlocking Energy Independence through Connected Oil and Gas Markets’, which covered international cooperation between the major energy players, governments, and industry organisation and its role in creating a monetised, connected, and decarbonised oil and gas market. Securing energy is vital for developing economies worldwide. In order to decrease the global carbon footprint and create a world with less carbon emissions, the energy industry needs effective regulations, continued investments, and global and regional cross-border cooperation between all oil and gas players, including producers, consumers, and transit countries. The session will tackle the subject of ensuring open dialogue between these industry players in order to enhance cooperation and coordinate efforts to ensure the monetisation of climate-conscious oil and gas market. The session hosted energy distinguished speakers, including Alaa Elbatal, CEO of the Egyptian General Corporation (EGPC); Mathios Rigas, CEO of Energean; Ali Rashid Al Jarwan, CEO of Dragon Oil; and Simon Thomson, CEO of Capricorn Energy. The first global business leaders’ session was moderated by Eithne Treanor, EGYPS 2022 Presenter.
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