Petroleum and Mineral Resources Minister Tarek El-Molla attended the signing ceremony of five memorandums of understanding and cooperation agreements between the petroleum sector and major global energy and technology companies to boost bilateral cooperation in the areas of reducing carbon emissions, digital transformation, supporting sustainability and crude oil marketing.
Signing the agreements came on the sidelines of the Egypt Petroleum Show (EGYPS 2023)
A memorandum of understanding was signed between the Ministry of Petroleum and Mineral Resources and Chevron Corporation to cooperate in capacity-building and exchange the best practices for low-carbon projects, including those related to controlling methane emissions.
An agreement was signed between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation in Egypt (Khalda Petroleum Company and Qarun Petroleum Company) to export Egyptian crude to the international market
EGPC chairman Alaa el-Battal and David Chi, Region Vice President and General Manager of Apache Corporation, in the presence of the CEO and President of Apache John Christmann, signed the deal.
Furthermore, two memorandums of understanding were also signed by the Eastern Mediterranean Gas Forum (EMGF), the International Energy Forum (IEF), and the Mediterranean Energy Observatory.
