Tarek El Molla, the Minister of Petroleum, and Konstantinos Hatzidakis, the Greek Minister of the Environment and Energy, discussed the bilateral cooperation between the two countries in the petroleum and gas sectors, Egypt Oil & Gas reports.

This came during the arrangement of the second East Med Gas Forum conference with the participation of the East Med Seven countries, along with the United States Secretary of Energy, and the European Union (EU).

The Greek Ambassador in Egypt, the ministry’s First Undersecretary for Agreements and Exploration, Ashraf Farag and the Chairman of the Egyptian Natural Gas Holding (EGAS) Osama El Bakly also attended the meeting.

Kostis ensured that the gas explorations in the Eastern Mediterranean will support the political and economic connections between the forum’s countries and reveal new channels, as all the parties believe that the cooperation in exploring the Eastern Mediterranean will benefit all parties to utilize their natural resources.

The next phase will witness an effective contribution from the international oil companies (IOCs) as well as for attracting the Greek companies to work in Egypt, as a result of the recent gas explorations in the Eastern Mediterranean.