As part of the state’s efforts to **maximize the added value of its natural resources**, particularly in the **energy sector**, which is one of the key pillars for economic development and growth, and in light of the **Ministry of Petroleum and Mineral Resources’ projects to upgrade state-owned refineries** to meet local market needs and reduce the import bill for petroleum products. This follows the **2015 cooperation agreement between the Egyptian and Italian governments**, aimed at collaborating on the **establishment and financing of several petroleum and energy projects**.
