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Egypt Petroleum Conference set to promote Egypt-Tanzania Friendship

Cairo, Egypt.
The Chairman of Association of Tanzania Oil & Gas Service Providers (ATOGS) Hon. Abdulsamad Abdulrahim under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt, was invited to attendthe Egypt Petroleum Show held on the February 11, Cairo Egypt at the invitation of Minister of Petroleum & Mineral Resources H.E. Eng. Tarek Ahmed El-Molla
The Chairman had pleasure to meet and exchange views with H.E. Abdel Fattah El Sisi, President of Egypt, Prime Minister Dr. Mostafa Madbouly and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker. 

Abdulsamad also gave Keynote speech to share Tanzanian story and outlined infrastructure investments opportunities available in the Energy, Oil & Gas and promoted Tanzania as Hub for Gas project and investment destination in order to attract FDI,  investors and Joint Ventures. 

Abdulsamad informed delegates that the fifth phase Government under President John Pombe Magufuli has improved business and investment climate. Tanzania is a fast growing nation in Africa with 7.2% GDP economy. It is a peaceful country and has stable regulatory and fiscal regime to Doing Business and invest”.

The Chairman urged investors to tap into the infrastructure investments opportunities available in Tanzania including LNG, EACOP pipeline project, Gas Distribution Network and pipeline projects from Tanzania to Kenya/Zambia/Uganda. He also welcomed investors from Egypt and Middle East to build Processing and manufacturing plants, livestock products processing industries and tap into abundant Tourism sector

During the conference, global leaders discussed the influence of geopolitics and foreign trade policies on crude oil pricing, supply and demand. They also discussed the importance of decision making in mega projects “Time vs Resources”, global uncertainty of Trade policies and need to seriously engage investors.

He also participated in the panel discussion with global leaders where Oil and gas innovation and technology in the 4th industrial age was discussed; How are businesses accelerating next generation R&D initiatives to keep pace with competition and stay ahead of the game

Later this week, Abdulsamad will be touring various manufacturing facilities including Elsewedypower system projects, Energy products, Oil & gas solution and marine terminals

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