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Egypt has keys to future of Eastern Mediterranean oil - Minister
The Egyptian Gazette Published in The Egyptian Gazette on 24 - 04 - 2018

CAIRO, April 24, 2018 (MENA) - Minister of Petroleum and Mineral Resources Tarek el Mulla said on Tuesday that Egypt and the European Union (EU) signed a memorandum of understanding on cooperation and strategic partnership in energy.
In his speech at the inaugural ceremony of a renewable and sustainable energy forum, he added that the agreement helps enhance joint cooperation in the long run.
Egypt and the EU are about to start a new phase of joint action that will contribute to meeting the aspirations of Egypt as an emerging regional hub for energy.
Egypt is now in possession of the keys to the future of gas in Eastern Mediterranean, he pointed out, and added that the EU is an important strategic partner for Egypt in the energy domain.
The EU has extended technical support to the Egyptian oil sector so that Egypt would attract energy investments, he pointed out.
The Egyptian oil sector is now reaping the fruits of economic reforms that are implemented by the government, he said, adding that the year 2017 was full of unprecedented achievements in the oil sector.

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