Egypt has promising investment opportunities with China in the fields of energy, oil and natural gas, stated Ashraf Farag, deputy minister of petroleum for agreements and exploration, Egypt Oil & Gas reports.

Farag’s words came during the speech delivered on behalf of Minister of Petroleum Tarek El Molla at the Sixth Arab-Chinese Conference.

The Ministry of Petroleum is looking to increase cooperation with China in several fields in the oil and gas industry, including petrochemical and fertilizer projects.

The speech pointed out the importance of having a joint integration between the two countries in order to support different investment areas with recent technologies and well-trained technicians.

The minister clarified in the speech that Egypt is applying the required strategies to achieve the development vision by 2030 which pushes the petroleum sector’s performance to be better and to achieve self-sufficiency.