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Egypt Signs five Cooperation Agreements in Oil and Gas Field

Egypt signed a number of agreements on Wednesday, February 11, 2020 during the Egypt International Petroleum Exhibition (EGYPS) held in Cairo, where Minister of Petroleum and Mineral Resources Tariq Al Mulla signed a memorandum of understanding with his Somali counterpart Abdel Rashid Mohamed Ahmed to support and enhance cooperation between Egypt and Somalia in the fields of oil and gas and mineral wealth, in order to transfer Egyptian expertise in these sectors to Somalia, through establishing cooperation between the oil and mining sector companies in both countries.

Al-Mulla also witnessed the signing of two memorandum of understanding to work in the implementation of petroleum projects in Equatorial Guinea through Petrojet, and the first memorandum was signed between the Minister of Petroleum and Minerals in Equatorial Guinea Gabriel Obiang Lima and Walid Lutfi, President of Petrojet, and will promote for the first time in Equatorial Guinea and to undertake projects in the forefront of which is an oil refining project. The President of Petrojet signed with Eng. Mohsen Salah, President of the Arab Contractors Company, a memorandum of understanding for cooperation between the two sides in implementing projects inside Equatorial Guinea.

Also, a technical cooperation agreement was signed between the Egyptian General Petroleum Corporation and The National Petroleum Company of Chile (ENAP), until October 2022 in the field of exchanging technical expertise related to exploration and development of hydrocarbons in the basins in which the Chilean company operates, and the exchange of information and expertise in the field of unconventional tanks, in addition to supporting the vision for occupational health and safety standards.

The Ministry of Petroleum and Mineral Resources and Shell Egypt signed a memorandum of understanding to cooperate in training and qualifying cadres in order to prepare young leaders according to advanced scientific and practical foundations, by implementing a training program until December 31, 2020, and the agreement was signed by undersecretary of the Ministry of Petroleum Osama Mubariz and head of Shell Egypt, Khaled Qassem.