Minister of Petroleum and Mineral Resources Tarek El Molla held a session of talks in Sharm El Sheikh with Lorenzo Simonelli, CEO of Baker Hughes, and his accompanying delegation, on the sidelines of COP27.
As part of COP 27, Decarbonization Day's opening session on November 11 will be attended by top global energy and climate officials.
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the necessity of providing Africa with adequate financial and technological support for it to achieve a just energy transition and effectively exploit its resources.
In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, US Assistant Secretary for Energy Resources Geoffrey Pyatt expressed his country’s desire to boost its energy activities in Egypt, especially in carbon capture and storage (CCS) and natural gas projects.
During his participation at COP27, Minister of Petroleum and Mineral Resources Tarek El Molla emphasized the importance of regional and international dialogue in energy transition as well as the expansion of technological capabilities and provision of investments needed to achieve transition goals.
Minister of Planning and Economic Development Hala El Said stated that there are five to seven companies have been prepared to sign final agreements next week for exporting renewable energy at the Suez Canal Economic Zone (SCZone).
On the sidelines of COP 27, the Minister of Petroleum and Mineral Resources Tarek El Molla met with the CEO of Petronas Tengku Muhammad Taufik to discuss the current investments of the company in Egypt in addition to its plans to maximize its investments during the next period.
The Ministry of Petroleum and Mineral Resources announced that the Decarbonization Day will be held on November 11, as part of COP27 hosted by Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla held a joint session of talks with Wael Sawan, who will be Shell's new CEO as of January 1, in the presence of Khaled Kacem, President of Shell Egypt, and Alaa El Dabaa, Shell Egypt's General Manager of Foreign and Government Affairs.
On Decarbonization Day, the second session will shed light on the oil and gas industry's decarbonization journey in Egypt, starting from commitments to actual implementation, the Ministry of Petroleum and Mineral Resources said in a statement.
