CAIRO — The Egyptian energy sector gets much praise these days. The Energy and Environment Committee of the Egyptian parliament issued a statement July 18 praising the results of a meeting between Myron Brilliant, executive vice president of the US Chamber of Commerce, and Egyptian Minister of Petroleum and Mineral Resources Tarek el-Mulla.

The statement considered that Brilliant’s commend of the Egyptian energy sector comes in recognition of President Abdel Fattah al-Sisi’s support for the sector and the Ministry of Petroleum’s efforts to implement energy projects along with national and foreign companies.

Following a July 15 meeting in Cairo, Brilliant issued a press statement praising Egypt’s oil sector. He described Egypt's program for the development of the oil sector launched in 2018 as ambitious, in terms of training human cadres and improving their level of performance, pointing out that this program creates promising opportunities for US companies to invest in the Egyptian oil sector. This was evident by the entry of US companies, such as ExxonMobil, to the Egyptian market for the first time in the fields of exploration and production, he added.

Brilliant’s visit comes ahead of the results of a bid launched by the Egyptian Ministry of Petroleum in March 2019 to obtain concessions for the detection, exploration and production of oil and natural gas in the Red Sea.