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There Has Never Been a Better Moment for the Business Opportunities in the Energy Industry in Egypt

Source: 1/30/2018, Location: Africa

With the discovery and production coming on line of Zohr «Newly discovered gas deposited in the Eastern Mediterranean can offer Europe the alternative sources of energy, » in the words of the President Al Sisi «these gas discoveries can contribute to the European continent's search for alternative energy sources, taking advantage of the position of Egypt and Cyprus».

Egypt has over 70 trillion cubic feet of proven gas reserves with Zohr, the largest ever gas discovery in the Mediterranean, thus with 4 billion barrels of proven oil reserves is one of the largest oil and gas producers in Africa. Therefore Egypt is in a strong position to become the regional oil and gas hub within the next five years: $16 billion investments are targeted for the Zohr field, $11 billion for North Alex and $3 billion for the Atoll concession.

Alexandria is the main hub where the Offshore Mediterranean Conference and Exhibition, the most technical meeting will become your gateway to the rich Mediterranean O&G market. All these topics will be addressed upcoming April at MOC which has always been one of the most prominent events to care about oil and gas sector in North African market. MOC represents a main destination and a biannual stop for the biggest experts, decision makers and specialist in the O&G sector along with companies specialized in providing support services.

With the discovery of Zohr and with ENI as the main sponsor of the event, more than ever MOC, the official event of the Egyptian Ministry of Petroleum, has become a podium for companies which produce technologies and offer services while networking and showcasing products and services. As a platform for discussing the global challenges facing the Oil & Gas industry, MOC continues to draw the crowds and to have a steady growth over the eight editions and it continues to receive increased attendance both internationally and locally.

Organized by the Egyptian Petroleum Sector in partnership with the Offshore Mediterranean Conference (OMC) Ravenna, MOC Conference & Exhibition has become the most important international energy meeting on the southern shore of the Mediterranean region. MOC is the Egypt’s premier energy event focusing on Oil & Gas with a history that goes back all the way to 2000. The theme for the MOC 2018 Conference “Mediterranean Potentials – Unlocked Step 2” is highly relevant given the status of the explorations in the Mediterranean. Producers, consumers, transit countries and oil companies all have a significant role to play.

With a growing population and the aspirations for economic growth all over the world it is expected that the global demand for energy will double by 2050. The Mediterranean basin is considered a world-class energy source with huge hydrocarbon potential and Egypt has a significant role to play in the Mediterranean energy industry.

Mr. Osama El Bakly, Chairman of EGAS and of the MOC 2018 Organising Committee welcome all attendees to the Official O&G event of the Ministry of Petroleum of Egypt taking place from 17th to 19th April in Alexandria.

While the industry continues to ensure the progress in spite of the current uncertain oil price, the events like MOC offer even greater opportunity to discuss, engage and support the creation of business models for success of the entire industry chain.

The Egyptian Ministry of Petroleum is collaborating with the world’s leading energy companies on reducing costs and emissions while securing the stable and safe productions of natural energy resources. MOC in Alexandria will provide companies the opportunity to network, seal new deals and build partnerships in the North Africa’s competitive business environment.

MOC Organisers continually look for new and innovative ways to maximize the value of its exhibitors and visitors. Therefore the attendees keep appreciating the efforts and securing their presence and support to the event which throughout the years has always been able to meet the demands of the global energy market providing exactly what the companies in the Mediterranean area need. Year by year the number of companies joining the event has increased and MOC continues to be one of the most important O&G event in the Mediterranean region. Indeed MOC provides an excellent platform for technologies and innovations from all around the world to meet at the same place.

Now that we are experiencing the accelerating transformation of the energy industry and the consolidation and cost reduction within the industry, we are pleased to draw attention to Alexandria and the Offshore sector which makes this event and this area the ideal hub to meet the leading firms and their latest technologies.

This year sees the 9th edition of MOC bring fifteen thousand industry leaders, technical experts, professionals, and decision makers that are set to descend on Alexandria upcoming April.

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