Karim Badawi, Minister of Petroleum and Mineral Sources (MoPMR) met with Suhail Mohamed El Mazrouei, UAE Minister of Power and Infrastructure, at Emirati Abu Dhabi to debate cooperation alternatives throughout the power sector. Each ministers agreed to type a joint working group to trade greatest practices and success tales.
The assembly aligns with the MoPMR targets to foster regional and worldwide cooperation for power safety and develop profit from Egypt’s current infrastructure as a regional power hub, mentioned the ministry on Tuesday. On the finish of the assembly, Minister Badawi prolonged an invite to his UAE counterpart to go to Egypt.
Final yr, Egypt obtained the primary oil tanker at its ports, primarily based on the cooperation settlement signed between MoPMR and the federal government of the Emirate of Fujairah.
The settlement concerned transferring the expertise of growing the Port of Fujairah and establishing a petroleum logistics zone within the Hamra Port space on the Mediterranean Sea. It invests in Egypt’s geographical location and the infrastructure of the petroleum sector within the Hamra Port and buying and selling petroleum merchandise via the port’s services. It additionally consists of supplying petroleum merchandise to cowl a part of the native wants.
