Italian energy giant Eni is ramping up its investment in Egypt, with plans to drill 30 exploration wells and 200 development wells as it deepens its role in the country's oil and gas sector.
Eni chief executive Claudio Descalzi met Egyptian President Abdel Fattah al-Sisi in El Alamein on Tuesday, along with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi, to discuss the company's expanding footprint in Egyptian fields and its role in building out Egypt's position as a regional gas hub.
