Petroleum Africa
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Tuesday, April 11, 2023
Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla recently met with the UK’s Ambassador in Egypt Gareth Bayley to discuss and review the business activities of British companies active in the North African country’s oil and gas industry and explore future investment opportunities in the sector.
El Molla noted the importance of the relationships with British companies and expressed his desire to continue and expand cooperation with an eye toward making additional natural gas discoveries. The Minister also tied the conversation to the Eastern Mediterranean Gas Forum, an international organization formed by Cyprus, Egypt, France, Greece, Israel, Italy, Jordan, and Palestine.
The minister stated that international companies have opportunities to see success with new discoveries given that gas liquefaction projects are plentiful with the existing infrastructure in the region.
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