Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with a delegation from the Oil and Gas Committee at the American Chamber of Commerce in Cairo to coordinate efforts to prepare for the participation of the oil and gas sector in Decarbonization Day, which will be organized at COP27, which Egypt will host in Sharm El Sheikh this coming November.
The meeting was attended by the CEO of the American Chamber of Commerce in Cairo Sylvia Menassa and the heads and representatives of American companies operating in Egypt, including Bechtel, Honeywell, Schlumberger, Baker Hughes, Apache, Chevron, ExxonMobil, and the two undersecretaries of the Ministry of Petroleum for projects and technical office, and the Vice President of the Egyptian Natural Gas Holding Company (EGAS) for Green Energy.
During the meeting, El Molla confirmed that Egypt is the first country to provide an opportunity for the oil and gas industry and its international companies at the climate summit to present their actual plans for environmental improvement and reducing emissions from the activities of this industry by using the latest technologies.
The minister stated that the conference is a great opportunity to emphasize that there are actual efforts being made on the ground by oil and gas companies to keep pace with global trends to achieve environmental sustainability, reduce carbon emissions and preserve the environment.
El Molla explained that international companies operating in Egypt are working in cooperation with the petroleum sector on many initiatives and projects aimed at reducing emissions and achieving carbon neutrality, and that participation in the climate summit is a window to present these initiatives to the world.
During the meeting, the heads and representatives of the companies presented their visions to present these efforts and projects during the conference, and it was agreed to form work teams from both sides and quickly hold executive meetings to approve the topics and areas that will be presented.