The Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with Shell Egypt with the aim of cooperating in establishing a framework for managing and reducing greenhouse gas emissions from the operations of all EGAS partners.
Minister of Petroleum and Mineral Resources Tarek El Molla met with Reece Whitby, Australian Minister of Environment and Climate Action, as part of a series of bilateral meetings he is holding in Sharm El Sheikh, where he was attending COP 27.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt has prioritized Africa's right to utilize its natural resources and the gradual energy transition within the continent.
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of seven memoranda of understanding (MoUs) and agreements between the oil and gas sector and a number of international companies in the field of sustainability and emissions reduction, during COP27.
Saudi Arabia's Minister of Energy Abdul Aziz bin Salman said that Decarbonization Day succeeded in emphasizing the petroleum industry's efforts in sustainable development.
Decarbonization Day was an ideal platform for global organizations, industry stakeholders, and energy companies to discuss and present their commitments, initiatives, and actions to improve the global climate situation, Minister of Petroleum and Mineral Resources Tarek El Molla stated.
Ben Driggs, Honeywell's President of Global High Growth Regions, affirmed that his company is looking forward to increase its investments in Egypt especially in emissions reduction, digitalization, hydrogen production and improving energy consumption efficiency.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with AspenTech CEO Antonio Pietri at COP27, showcasing the available investment opportunities in Egypt has to offer in the fields of refining, petrochemicals, energy efficiency, emissions reduction technologies, mining in addition to training human cadres.
Minister of Petroleum and Mineral Resources Tarek El Molla and Siemens Energy CEO Christian Bruch witnessed the signing of an agreement at COP27 between the ministry and the global energy giant for training and building human capacities in the fields of decarbonization, the ministry said in a statement.
The oil and gas industry has an effective role to play in the energy transition, highlighting that it is already working to decarbonize and achieve energy transition goals, Minister of Petroleum and Mineral Resources Tarek El Molla stated.
