Tarek El Molla, the Minister of Petroleum and Mineral Resources, met with the French Ambassador to Cairo, Stephane Romatet, to discuss enhancing cooperation opportunities between the petroleum sector and French companies, according to a press release.
Romatet stated that a number of French companies have expressed their interest in investing in Egypt’s oil and gas sector. That is due to the recent political and economic positive reforms in Egypt, which led to a rich investment climate for French companies. El Molla welcomed French companies’ interest in investing in petroleum sector, noting that French companies have excelled in their work in Egypt.
Both parties have also reviewed the French companies’ activities in Egypt, especially Total, which is currently intensifying its activities in the exploration and production (E&P) of natural gas in deep water, in addition to its increasing activities in marketing and distributing fuel and fuel stations. They have also delved into the Eastern Mediterranean Gas Forum’s (EMGF) latest updates and the challenges of the coronavirus. Speaking of the EMGF, it should be noted that France has officially proposed to join the forum.