Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al-Falih, to discuss oil and gas opportunities in the Red Sea and the cooperation between the two countries, Egypt Oil & Gas reports.

The meeting further reviewed cooperation opportunities in the oil sector with exchange of information as well as expertise between the two countries.

El Molla and Al-Falih met on the sidelines of the World Economic Forum on the Middle East and North Africa that is taking place in Jordan on April 6-7.

The two ministers talked about the developments of the global oil markets and the current situation of Brent price as well as the forecast of oil prices during the upcoming period.