Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla met visiting Djibouti’s Minister of Energy and Natural Resources Yonis Ali Guedi, according to a press statement on September 6.
The meeting addressed exchanging expertise in petroleum, natural gas, and resources and explored the opportunity of carrying out projects related to natural gas and logistics in Djibouti in light of the expertise that Egypt’s petroleum sector enjoys.
El Molla confirmed that cooperation with Djibouti comes within the framework of the Egyptian state’s orientation on cementing economic ties with the entire African states.
Egypt’s President Abdel Fattah El Sisi, the current Chairman of the African Union, supports Egypt’s participation with African states and favors achieving developments by providing Egyptian expertise and capabilities in the sphere of oil and natural gas to meet the needs of the Djibouti Republic.
The Egyptian minister said that Djibouti requested the assistance of Egypt in the oil and natural gas industry as well as training cadres. Accordingly, both sides agreed that an Egyptian delegation is due to visit Djibouti to explore means of support and transferring expertise, including implementing projects in the country located in East Africa.
For his part, Guedi reviewed his country’s future plan to develop oil and gas infrastructure, especially given Djibouti is gearing up to establish ports and logistic zones, along with extending a cross-border gas pipeline to export the gas to neighboring countries, benefiting from Chinese investments.
El-Molla has underlined the importance of opening new investment channels in Djibouti, pointing out that Egyptian petroleum companies are prepared to manage, operate and maintain projects related to liquidating gas to enable the Horn of Africa’s country to export its natural gas.