Minister of Petroleum and Mineral Resources Tarek El Molla has participated in the first meeting of the Higher Organizing Committee for Cooperation between Egypt and Germany in the fields of Energy and Hydrogen in collaboration with the German Arab Chamber of Industry and Commerce (GACIC).

The meeting was attended by Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action of Germany, Stefan Wenzel in addition to several Egyptian ministers and officials as well as number of German and Egyptian Companies working in green energy.

During the meeting, El Molla highlighted the keenness of Egypt and Germany to reach agreements and partnerships in energy especially in decarbonization and energy transition projects. He added that this momentum of cooperation reflects the coordination and mutual visions which underlies the necessity of continuous energy development using environmentally friendly ways.

The minister referred to the announcement of intents signed by the two countries in November 2022 to facilitate exchange of expertise and get benefit from the latest German technologies in establishing and developing green hydrogen projects.

El Molla showcased the Egyptian national strategies in energy and hydrogen, indicating that they will be announced soon. He added that Egypt aims to adapt the latest developments in sustainability and energy to open new investment opportunities. The minister mentioned how hydrogen was an important topic during COP27.

For his part, Wenzel emphasized the importance of this meeting noting that current global challenges have opened new horizons for cooperation. He added that Germany is working on strengthening its partnership with Egypt in the energy and hydrogen fields. Wenzel stated that Egypt has a lot of natural resources that can attract new investments.