Power China Company is keen to increase its activities in Egypt as the country looks to become a regional oil and gas trading hub, the company’s chairman has said, Egypt Oil & Gas reports.

The chairman of the Chinese state-owned company said that a review of the company’s operations in Egypt has been completed, which looked into the projects it has delivered in Egypt such as the Banha power station and work in the North of Giza.

This came during a meeting with Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla.

The minister and his guest discussed the investment opportunities available in Egypt, particularly those in the petrochemicals sector.

The meeting comes in light of the positive developments within the Egyptian oil and gas sector, reflecting the political and economic stability in the country.

Power China works in the hydropower, infrastructure and new energy sectors.