Egypt, AFC, Explore Petroleum Cooperation Opportunities

Egypt, AFC, Explore Petroleum Cooperation Opportunities

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Samaila Zubairu, the President and CEO of Africa Finance Corporation (AFC)’s, and accompanying delegation to discuss cooperation opportunities, the ministry said in a statement.

During the meeting, El Molla highlighted the recent success stories in the oil and gas industry as well as  the ongoing and the targeted projects in the fields of petroleum infrastructure, petrochemicals, and mining.

El Molla expressed the sector’s keenness to establish a successful partnership with AFC and to work together for constructive cooperation in the new projects and contributing to achieving its objectives and investment plans.

It was agreed to coordinate joint efforts, El Molla said, adding that AFC’s team will have meetings with the heads of the Natural Gas Holding Company (EGAS), and the Mineral Resources Authority, to find out investment opportunities and projects that can receive contributions.

Meanwhile, Zubairu pointed out the AFC’s aspiration to establish cooperation and develop a partnership with Egypt, especially in vital sectors such as oil, gas, and mining.

Egypt presented a pioneering model in developing the oil and gas industry, Zubairu noted, stressing AFC’s interest in participating in financing the Egyptian oil and gas sector’s projects.

Sarah Samir 2752 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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