18–20 OCTOBER 2022

Under the Patronage of the
Egyptian Ministry of Petroleum
and Mineral Resources


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CAIRO: Qatar is to invest $5 billion in Egypt, the government in Cairo announced Tuesday, in another sign of a growing rapprochement following last year’s restoration of ties. The announcement came after talks between President Abdel Fattah al-Sisi and visiting Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani, who also met Prime Minister Mostafa Madbouli.

A government statement said Qatar was to plough $5 in “investments and partnerships” in Egypt, without giving specifics. However, QatarEnergy released a statement announcing an agreement with ExxonMobil to acquire a 40-percent interest in a gas exploration block off Egypt in the Mediterranean. The two countries restored diplomatic relations in 2021, after Egypt, Saudi Arabia, the United Arab Emirates and Bahrain severed relations with Qatar in 2017 over its alleged support for radical Islamist groups and being too close to Iran, charges denied by Doha.

For the original article click here – Qatar to invest $5bn in Egypt, eyes offshore gas – World – Business Recorder (brecorder.com)

About MOC 2022: Now celebrating its 20th Anniversary, MOC is the premier event of its kind focussing on the Egyptian and Mediterranean energy sector. The Organisers, as well as The Egyptian Ministry of Petroleum and Mineral resources, IES Group and SPE – Society of Petroleum Engineers, are all very proud of such an important milestone and we hope to see you in Alexandria in October! We take a great pleasure in inviting you to attend and celebrate with us 20 years of continuous success. For more information, please visit www.moc-egypt.com