Minister of Petroleum and Mineral Resources Tarek El Molla and Bulgarian Energy Minister Rumen Radev have finalized a memorandum of understanding (MoU) for cooperation between Egypt and Bulgaria in the field of natural gas.

The MoU was signed on the sidelines of the first meeting of the joint cooperation committee between Egypt and Bulgaria, with an aim to establish a general framework to enhance cooperation in natural gas activities. The signing took place in the presence of Sameh Shoukry, Minister of Foreign Affairs, and Mariya Gabriel, Deputy Prime Minister and Minister of Foreign Affairs of Bulgaria.

The joint MoU further aims to enhance bilateral scientific, technical, and technological cooperation, and exchange experiences and best practices in the field of natural gas extraction, storage, transportation, and liquefaction.

Additionally, the MoU stipulates the establishment of a joint working group of experts and technicians from both sides to expedite the implementation of executive measures for the areas of cooperation stipulated in the memorandum of understanding.

Radev is scheduled to participate in the activities of the Egypt Energy Show (EGYPES) in its new edition, scheduled to be held during the period from February 19 to 21, 2024, which witnesses the first edition of the conference’s transformation from an oil and gas conference to a topnotch energy event.