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Egypt: Support for the transformation project to a regional gas and oil trading center

 Media In – Cairo 2 July

Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla discussed with Mirza Hassan, Executive Director of the World Bank, aspects of cooperation between Egypt and the World Bank in the context of his interest in continuing to follow up the positive developments witnessed by the petroleum sector in various activities. In a statement published on the ministry’s official website, Mulla said that he discussed with the Executive Director of the World Bank the position of the projects that contribute to its financing in the field of oil and gas and the keenness of the oil sector to enhance cooperation with the bank and open new fields of investment in oil sector projects. For his part, Mirza stressed that the main objective of his visit is to support the project of Egypt to become a regional center for the trading and trading of gas and oil, which the World Bank provides its full support both through funding for infrastructure and technical assistance and guarantees. He pointed to the importance of the project to secure energy supply and to strengthen economic and political relations between participating countries. In the project.

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