Petroleum min., US energy secretary discuss bilateral cooperation

Petroleum Minister Tareq el Mulla had a meeting on Wednesday with US Energy Secretary Rick Perry on means of boosting bilateral cooperation in the petroleum and gas fields.

The meeting was held on the sidelines of his participation in “CERAWeek” by IHS Markit that kicked off in downtown Houston, on Monday, March 11.

In a statement released here, Mulla said that the two sides discussed beefing up investments of the US petroleum companies and offering technical support to Egypt in the fields of oil exploration and unconventional oil and gas sources.

They also had talks on efforts exerted to implement the strategy of turning Egypt into a regional energy hub, as well as bilateral cooperation in the oil and natural gas fields in light of the establishment of the East Mediterranean Gas Forum (EMGF).

CERAWeek, the week-long event, focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry?from geopolitics and trade to costs, price volatility, environmental policy, disruptive technologies, inter-fuel competition, and the battle to attract younger workers before they commit to other industries.

The on-going energy transition has created considerable uncertainty for long-term strategy and investment.

The conference opened with a discussion about geopolitical hot spots that are threatening regional stability and could hamper energy development and delivery.

Source: State Information Service Egypt