The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed a memorandum of understanding (MoU) with Saudi Minister of Energy, Industry and Mineral Resources, Khaled al Falih, allowing the sharing and exchange of information on the petroleum and mining fields between the two countries, Egypt Oil & Gas reports.

The discussion took place on the sidelines of the 16th International Energy Forum Ministerial Meeting, held in India on April 10-12.

The MoU will enhance the cooperation between Egyptian and Saudi petrochemical companies and facilitiate the exchange of experiences.

El Molla and his Saudi counterpart agreed to arrange visits between Egyptian oil companies and Saudi companies operating in the fields of petroleum and mining.