Halliburton has signed a Memorandum of Understanding (MoU) with the Egyptian Ministry of Petroleum & Mineral Resources (MoP) to support a specialised development programme for middle management and young professionals in Egypt
The MOU, which aligns with the Ministry’s Oil and Gas Modernisation Programme, is a collaborative agreement under which Halliburton, an oil field service company, will use its strength in human capital development to provide on-the-job training for Egyptians who demonstrate the potential to be future leaders in the oil and gas industry.
Halliburton will customise a development programme for select participants to enhance their capabilities and assist Egypt in its role as a regional hub for oil and gas.
Jeff Miller, Halliburton Chairman, president and CEO, said, “We are excited to collaborate with the Ministry to improve the development of its local workforce. We have a 50-year, established working relationship with Egypt, and this MOU is a testament to our ongoing commitment to the country and its efforts to build its presence in the oil and gas industry.”
Tarek El Molla, Egypt’s Minister of Petroleum & Mineral Resources, added, “As we embark on our modernisation programme to create a more conducive environment for business and investment in Egypt, one of the most important pillars of this effort is to build world-class human capital. We believe Halliburton’s robust employee development experience will contribute greatly to positioning our local talent for success and sustaining the promising vision of our ministry.”
Colby Fuser, vice-president of Egypt and Libya, Halliburton, stated, “This MOU is a wonderful way to celebrate Halliburton’s 100th anniversary and our rich history of developing future leaders. It embodies our core values of creativity and collaboration and helps set us on the right path for the next century.”
