The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, is in Jeddah to attend the 14th Arab International Mineral Resources Conference upon invitation from the Saudi Arabian Minister of Energy, Industry and Mineral Resources, Khaled Al Falih. The conference is sponsored by the Saudi Arabian King and organized by the Saudi Arabian Ministry of Energy, Industry and Mineral Resources in cooperation with the Arabic Industrial Development and Mining Organization (AIDMO) reported Al Borsa.
El Molla stated that there will be a ministerial-level meeting with Arab energy ministers following the conference’s opening ceremony. This meeting aims to boost cooperation between Arab countries in the field of minerals and to use minerals in the best economic ways.
In related news, Egypt Oil&Gas reported early November that during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), El Molla had joined a panel on Global Ministerial Dialogue for empowering emerging markets. El Molla had stated that Egypt will become self-sufficient in gas, with little exports by the fiscal year 2020/2021. He had added that Egypt has a competitive edge as a gas exportation hub due to its “geographically fantastic location” and proximity to various markets, specifically the Middle East and East Mediterranean, coupled with current gas infrastructure in terms of available LNG plants and the Suez Canal. Furthermore, he had stated that the country is planning ahead to optimize the use of gas in petrochemicals through two important plants in Alexandria and Damietta, with three other petrochemical projects under development.