Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla has discussed the government efforts aimed at bolstering Egypt’s regional role in maximizing utilization of oil explorations in cooperation with the Mediterranean countries. A statement by the Ministry of Petroleum said.

El Molla statements came during the opening session of the 24th edition of the World Energy Congress (WEC), held from 9-12 September 2019 in Abu Dhabi of the United Arab Emirates.

Speaking at a ministerial summit under the theme of “International Overview: Hydrocarbon Economies” El Molla discussed the Egyptian strategy aimed at reshaping the energy production and optimizing the renewable energy to a larger extent.

The minister also outlined the Egyptian plan aimed at achieving self-sufficiency in relation to crude oil and petroleum products in an effort to safeguard the country’s economy against the fluctuations dominating oil prices in the international arena.

The WEC, the most influential energy event in the world, brings together over 15,000 stakeholders, including 250 high-level speakers, 70 ministers, 500 CEOs, and 600 media delegates from across the world.