Is seeking with international companies its expansion plans in energy

Media In – Cairo 18 March 2018 and WAM

Tariq al-Mulla, Minister of Petroleum and Mineral Resources of Egypt, discussed with two international energy companies the investment opportunities available in the oil sector to the two companies especially in the petrochemical projects.
He pointed out that he discussed with Joujouni, chairman of Power China Power Company specialized in the fields of oil, gas, petrochemicals, electricity and renewable energies, in addition to infrastructure projects and water resources projects, the investment opportunities available in the oil sector in front of the company, especially in petrochemical projects.
For his part, the head of PowerChaina reviewed the areas of its work and the projects carried out at the global level and inside Egypt, which included the power station of Banha and North Giza, and stressed the desire of his company to expand its activities in Egypt during the coming period, especially in light of Egypt becoming a regional center for the trade and circulation of gas and oil.
On the other hand, Mullah discussed with Methanex President Brad Boyd, in the presence of the President of the Holding Company for Petrochemicals, the company’s plans to expand its activities in Egypt by increasing the current capacity of 1.3 million tons of methanol by adding a new production line, especially since the infrastructure is available with the availability of natural gas Which is the raw material for the production of the company whose production covers the domestic market and export surplus. The share of the oil sector in Methanex is 33%, Apicorp 17% and Methanex the remaining