Minister of Petroleum and Mineral Resources Tarek El Molla has met with Denys Toscano Amores, the Ecuadorian Ambassador to Cairo.

The meeting reviewed ways of cooperation between the two countries in all fields of the oil and gas industry.

During the meeting, El Molla stated that the opportunities for joint cooperation between the two countries are many and promising, especially in the field of oil and gas. He added that the Egyptian petroleum sector is fully prepared to cooperate with Ecuador in the field of research, exploration and production in light of the great expertise possessed by both sides.

For his part, Amores expressed his appreciation and respect for Egypt as a pivotal country in the region and the world, pointing to the strong friendly relations and mutual respect between the two countries.

Amores expressed his country’s aspiration to cooperate with Egypt in the various fields of petroleum and exchange experiences, given that Egypt enjoys great experience in the field of research and exploration for oil and gas, especially in marine areas.

Moreover, Amores pointed out the desire of several oil companies from Ecuador to come to Egypt and review the investment opportunities available in the field of oil and gas.

The meeting witnessed a review of the final preparations for signing a memorandum of understanding between the Egyptian Ministry of Petroleum and Mineral Resources and the Ecuadorian Ministry of Energy and Mining for cooperation in various fields. The meeting also discussed the possibility of Ecuador seeking Egyptian expertise in the field of delivering natural gas to homes, converting cars to run on gas, and establishing stations to supply cars with compressed natural gas (CNG).