Mediterranean Gas Forum completes Egypt's plans to become center for oil trading


Thu, 01 Apr 2021 - 03:19 GMT

Minister of Petroleum and Mineral Wealth Tarek El-Molla -REUTERS

Minister of Petroleum and Mineral Wealth Tarek El-Molla -REUTERS

CAIRO – 1 April 2021: The Eastern Mediterranean Gas Forum completes Egypt’s plans to become a center for trade and circulation of gas and oil and achieve integration with European countries, according to Minister of Petroleum Tarek el-Molla.


This comes Molla’s meeting with Minister of Foreign and European Affairs of Croatia, Jordan Gerlich Radman, in the presence of Ambassador Tomislav Bochnyak, Ambassador of the Republic of Croatia in Cairo.


During the meeting, Molla stressed the depth of the distinguished relations between the two countries in various fields, especially in the field of oil and gas, and that there are plans and programs during the coming period aimed at supporting cooperation and increasing the Croatian activities in the field of oil and energy in general.


Molla reviewed the implementation steps witnessed by as it represents an added value for the member states of the Eastern Mediterranean, and its important role in securing part of the gas supplies to the Eastern Mediterranean and European countries, especially since there are infrastructure, networks and pipelines for the transport of gas that contribute to supporting and expanding areas of cooperation in this  framework.


He explained that it is important to sign a cooperation protocol under the umbrella of a governmental agreement between the two countries, through which the foundations of cooperation between EGAS and INA are laid to reach steps that contribute to supporting and expanding cooperation, noting that it was agreed to prepare a draft protocol in preparation for signing it.


For his part, the Croatian Minister affirmed that the Croatian company ENA, which works in the field of research and exploration for oil and gas in the Western Sahara, has plans to expand its investments in the coming period and announced the importance of the agreement to sign a joint cooperation protocol between the two countries.




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