Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Demetrios Papathanasiou, the Global Director for the World Bank (WB)’s Energy and Extractives Global Practice, in the presence of Osama Mobarez, Secretary General of the Eastern Mediterranean Gas Forum (EMGF), on the sidelines of CERAWeek, the ministry said in a statement.

During the meeting, they discussed the regional activities currently being implemented in the Eastern Mediterranean region, and efforts to transform energy, reduce emissions, and achieve maximum utilization of gas resources in the region.

During the meeting, El Molla reviewed the efforts made by Egypt to maximize the benefits from production, coordination and integration with the countries of the Eastern Mediterranean region, in addition to the climate action efforts and emissions reduction that are currently being implemented in Egypt and on the regional level as well.

The meeting further reviewed the importance of close cooperation between the EMGF and the WB in implementing its efforts and initiatives, and the importance of continuing this support, especially in implementing its long-term strategy.

Papathanasiou affirmed the bank’s support for the efforts made by Egypt and the forum in various fields, especially in the field of energy transition and environmental preservation activities, pointing out the bank’s readiness to provide all aspects of support for mining activity in Egypt.