–  Carlyle Group shows strong interest in Egypt’s oil and gas sector, aiming to leverage its global energy platform to develop new energy pathways and support decarbonization strategies.

– Carlyle’s acquisition of Energean’s assets in Egypt, Italy, and Croatia is part of its broader strategy to expand oil, gas, and energy activities in the Mediterranean region.

– Carlyle plans to introduce advanced technologies for deep exploration activities in Egypt, with the goal of transforming the country into a hub for oil and gas production and distribution in the Mediterranean.

Egypt’s Ministry of Petroleum announced Carlyle Group’s interest in investing in the oil and gas sector. Carlyle Group has a significant global energy platform focused on developing new energy pathways and supporting oil and gas companies in implementing decarbonization strategies.

Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighted that the entry of new companies into Egypt’s petroleum sector reflects the attractiveness of investment opportunities. El Molla welcomed James Robert Maguire, Chairperson of Carlyle Group, along with Mathios Rigas, Chairperson of Energean Greece, and Parminder Singh, Executive Director of Carlyle Group.

During the meeting, they discussed Carlyle’s acquisition of Energean’s assets in Egypt, Italy, and Croatia as part of the group’s strategy to expand its oil, gas, and energy activities in the Mediterranean region. El Molla expressed enthusiasm for Carlyle’s interest in establishing a subsidiary specializing in exploration and production in the Mediterranean, and optimism about achieving successes similar to those of Energean in Egypt’s oil sector.

The Minister emphasized the importance of intensifying exploration and research activities, adhering to scheduled work plans, and making discoveries to support reserves and increase production.

James Robert Maguire, Chairperson of Carlyle Group, stated that Carlyle aims to make significant investments in Egypt’s oil and gas sector. He highlighted Egypt’s attractive investment opportunities and flexible business environment, and mentioned plans to provide advanced technologies for deep exploration activities.

Maguire also noted that Carlyle is working on strategic plans to expand its activities in the Mediterranean and contribute to increasing oil and gas production in Egypt, transforming the country into a hub for receiving and distributing the group’s production in the Mediterranean.

Carlyle Group is known for its work in private equity, global credit, infrastructure, and natural resources.