Arab Petroleum Investments Corporation (APRICOP) is studying new projects for investment in Egypt, its CEO, Ahmed Etiqa, said during a meeting with the Egyptian Minister of Petroleum and Mineral Resource, Tarek El Molla, Egypt Oil & Gas reports.

Etiqa met with El Molla and Mohammed Safaan, the Head of Egyptian Petrochemicals Holding Company (ECHEM), to discuss APRICOP’s current projects in Egypt and to discuss further investment opportunities.

El Molla noted APRICOP’s ability to finance project and its contributions to the energy sector, particularly in regard to the Misr Fertilizers Production Company (MOPCO) and Egyptian Bahraini Gas Derivatives Company.

APRICOP was created by the Organization of Arab Petroleum Exporting Countries (OAPEC) in 1975 to finance energy projects in Arab countries.