Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Angolan Minister of Foreign Affairs Téte António, Angolan Minister of Youth and Sports Ana Paula, and their accompanying delegation.
The meeting discussed the efforts of the energy transition and the current challenges facing the global oil and gas industry, especially in the African continent. It focused on ways to unify efforts among African countries to confront these challenges and support investments in the fields of fossil fuels with the aim of financing new and renewable energy projects. The officials also talked about the results of the COP 26 global climate summit as well as opportunities to present African issues and initiatives during the upcoming COP 27, which Egypt will host as a representative of the African continent.
During the meeting, El Molla stated that Egypt and Angola have great opportunities for cooperation in various fields of energy, especially in the field of liquefied natural gas (LNG) export. The minister reviewed the activities of Egyptian petroleum sector companies and the projects that they are involved in throughout Africa, Arab countries, and the Middle East region.
El Molla pointed out the importance of intensifying cooperation and integration among African countries with the aim of developing their petroleum resources and implementing petroleum projects. He added that this could be done by benefiting from the capabilities and expertise of each country. This is in addition to providing the necessary investments for these projects through the African Investment Fund for joint financing and working to support it under the umbrella of the African Petroleum Producers’ Organization (APPO).
For his part, António expressed his country’s aspiration to enhance cooperation with Egyptian petroleum sector companies and benefit from the experiences it gained through designing and implementing projects in several countries with international performance standards.
António invited Egyptian company officials to visit the Angolan capital Luanda soon to discuss opportunities and areas of cooperation available.
