A memorandum of understanding (MoU) was signed between Egyptian company Engineering for Petroleum and Process Industries (Enppi) and Italian firm Technip to cooperate in the field of energy transition, the Ministry of Petroleum and Mineral Resources announced in a press release.

Witnessed by Minister of Petroleum Tarek El Molla, the MoU was signed by Enppi’s Chairman & CEO Ashraf Bahaa and Technip’s CEO Marco Villa. The agreement aligns with the ministry’s commitment to achieving the country’s sustainable development objectives within the framework of Egypt’s 2030 Vision.

On this occasion, Bahaa said that this MoU is seen as a further tangible step towards cooperation between the two sides in the field of the energy transition as well as extending their existing cooperation through opening new areas for joint work.

Technip provides important and distinct opportunities, being one of the leading companies in the field of development and technologies necessary for energy transition initiatives, in addition to its vast expertise in various parts of the world, Bahaa added.