On the sidelines of the ministerial meeting of the Gas Exporting Countries Forum (GECF), which concluded its activities yesterday in Cairo, Minister of Petroleum and Mineral Resources Tarek El Molla held talks with Russian Minister of Energy Nikolai Shulginov and his accompanying delegation to discuss support and increase joint cooperation between both countries in the activities of the oil and gas industry, the Egyptian ministry said in a statement.

The meeting reviewed the activities of Russian companies operating in Egypt such as Lukoil and Rosneft, which are working in the field of oil and gas exploration in their areas of work in the Western Desert and the Mediterranean.
The meeting also touched on talk about Egypt hosting the COP 27 climate summit next November, and dedicating a day within the summit’s activities to the field of removing carbon emissions, to highlight the efforts made locally, regionally and globally in this field.

El Molla stated that Egypt and Russia have a long-term friendship and good working relationship, pointing out that there are investment opportunities available in all the activities of the oil and gas industry for Russian oil companies, and that both countries have a shared interest in increasing cooperation on a larger scale during the coming period.

Meanwhile, Shulginov said that there are strong relations between Egypt and Russia and bilateral cooperation in several fields, highlighting the importance of working together to support and increase this cooperation, pointing to the fruitful discussions that took place at the Ministerial Meeting of the GECF, especially with regard to the challenges facing African countries.