The Minister of Petroleum discusses with his Yemeni counterpart opportunities for joint cooperation

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Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Yemeni Minister of Oil and Minerals Abdul Salam Baaboud and his accompanying delegation opportunities for joint cooperation between the two sides in the fields of oil, natural gas and mining.

The Minister of Petroleum stated – today, Monday – that the meeting comes within the framework of cooperation between the two sides and the official visit of the new Yemeni government to Egypt, which began yesterday with a meeting with Prime Minister Mostafa Madbouly and his Yemeni counterpart, Dr. Abdul-Malik Abdul-Main, at the headquarters of the Council of Ministers.

Al-Mulla affirmed Egypt’s readiness to provide all capabilities that can be offered to the brothers in Yemen in various oil and mining activities, to contribute to the advancement of the oil and mining sector in Yemen after the challenges it has gone through during the past years.

He pointed out that the success stories that have been achieved in the petroleum sector in Egypt represent a basis for launching the joint cooperation between the two countries, to overcome the challenges it faces in the field of providing oil and energy through companies designing and implementing petroleum projects (Enppi, Petrojet, Sun Misr and Petroment), which have gained great experiences locally and abroad and implement them. Major projects at an outstanding level.

Al-Mulla reviewed the solutions made by Egypt; To overcome the energy challenges caused by the period of instability in the period from the beginning of 2011 to 2014, which had a significant impact on the local market and the national economy, pointing to what Egypt had achieved in the fields of research, exploration, refining, rationalizing petroleum product subsidies and the participation of the global and local private sector.

He pointed to the ingredients for the successful development of the mining sector through changing and modernizing the legislative framework, the organizational structure, the financial framework, marketing and training of human cadres.

For his part, the Yemeni Minister of Oil stressed the depth of the Egyptian-Yemeni relations, which are distinguished by their heritage throughout history, pointing out that the Yemeni side has sought to benefit from the distinguished Egyptian experience, which has achieved remarkable successes, and is currently witnessing a great development, whether in attracting investments, research, exploration, production and export of natural gas. , as well as its experience in research and exploration in the Red Sea and what it achieved in the field of gas market liberalization, all of which are factors that push the partnership between the two sides to broader horizons and achieve the maximum possible benefit.

The article, the Minister of Petroleum discusses with his Yemeni counterpart opportunities for joint cooperation, was written in Al Borsa newspaper.