Egypt, Saudi Arabia Discussed Oil Cooperation

Egypt, Saudi Arabia Discussed Oil Cooperation

The Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al Falih, to discuss methods of mutual cooperation between the two countries, reported Al Borsa News.

The two ministers discussed the possibility of enhancing relations between Saudi Arabia’s oil giant Aramco and the Arab Petroleum Pipelines Company (SUMED) to boost Aramco’s exports to Europe by storing and transporting its crude via SUMED’s pipelines, as well as using SUMED’s facilities for mazut and butane.

Furthermore, El Molla, stated that the Egyptian government is performing energy strategic reforms until 2035, including a focus on new and renewable sources as main contributors to the energy sector.

The meeting between the ministers came on the sideline of International Energy Forum (IEF) in Algeria. Egypt Oil&Gas previously reported that El Molla was in Algeria for the conference, and that he also met with Algerian Minister of Energy and Mining, Nouredine Bouterfa, and IEF’s Secretary General, Sun Xiansheng.

Sarah Samir 2747 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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