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ExxonMobil is considering expanding in the Egyptian markets soon, said Egyptian Prime Minister Mostafa Madbouly on Monday.
The announcement was made after a meeting between the PM and the US-based ExxonMobil’s Senior Vice President Loic Vivier.
Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla was also present in the meeting.
El-Molla said that production from an oil exploration well in Egypt owned by the firm is expected to start within a few months.
Vivier highlighted that the company has remarkable investment plans in Egypt.
