Egypt and Russia are discussing supporting and increasing joint cooperation in the oil and gas industry

On the sidelines of the ministerial meeting of the Natural Gas Exporting Countries Forum, which concluded its activities yesterday in Cairo, Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, held a joint session of talks with Nikolai Shulginov, the Russian Minister of Energy and his accompanying delegation, to discuss support and increase joint cooperation between the two countries in the activities of the oil and gas industry.

The meeting witnessed a review of the activities of Russian companies operating in Egypt such as Lukoil and Rosneft, which are working in the field of oil and gas exploration and exploration in their areas of work in the Western Desert and the Mediterranean.

The meeting also touched on talk about Egypt’s hosting of the COP 27 climate summit next November, and dedicating a day within the summit’s activities to the field of decarbonization, to shed light on the efforts made locally, regionally and globally in this field, in addition to Egypt’s leadership in the energy file on behalf of the African continent during the top.

El Molla stressed that Egypt and Russia have long-standing friendship and a good working relationship, noting that there are investment opportunities available in all oil and gas industry activities for Russian oil companies, and there is great agreement between the two countries to increase cooperation on a larger scale during the coming period.

For his part, the Russian Minister of Energy stressed that there are strong relations between Egypt and Russia and bilateral cooperation in several fields, and the importance of working together to support and increase this cooperation, pointing to the fruitful discussions that took place at the Ministerial Meeting of the Gas Exporting Countries Forum, especially with regard to the challenges facing African countries. Which did not have the energy and the need to work on finding solutions to meet these challenges, praising the success stories achieved by the Egyptian petroleum sector, especially the expansion of the uses of natural gas as a fuel in homes and cars.

The meeting was attended by Eng. Alaa El-Batal, CEO of the Egyptian Petroleum Corporation, Dr. Magdy Galal, President of the Egyptian Natural Gas Holding Company (EGAS), his deputy for operations and networks, Eng. Yassin Mohamed, and Eng. Alaa Hajar, Undersecretary for the Technical Office.

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