Minister of Petroleum and Mineral Resources Tarek El Molla has met with Harbour Energy CEO Linda Cook to witness the signing of an agreement for the British company Harbour Energy to acquire the concession areas of the German company Wintershall Dea in Egypt.

The agreement was signed by Yasseen Mohamed, CEO of the Egyptian Natural Gas Holding Company (EGAS); Sameh Sabry, Senior Vice President & Managing Director-Middle East and North Africa, Wintershall Dea; and Howard Landes, General Counsel/Legal for Harbour Energy.

The signing came following the meeting of El Molla and Cook, during which El Molla confirmed that the Egyptian petroleum sector possesses an advanced infrastructure and the skills and experience of distinguished Egyptian cadres. He welcomed the entry of the British company to work in the Egyptian market, inject new investments and provide advanced technologies.

El Molla pointed to the successes that Wintershall Dea contributed to achieving in the oil and gas sector in Egypt.

The minister stated that the partnership with the German company is a model of successful strategic partnership and that he aspires to continue the successes with the British company Harbour Energy.

For her part, Cook indicated her aspiration to pump new investments into the petroleum sector in Egypt and work to expand operations and become one of the largest companies operating in the energy field in Egypt.

It is noteworthy that the British company Harbour Energy had announced its acquisition of the assets of the German company Wintershall Dea in a number of countries in addition to Egypt.