Egypt, Canada mull boosting cooperation in petroleum, gas domains

CAIRO - 22 October 2017: Petroleum Minister Tarek el Molla held on Sunday talks with newly-appointed Canadian Ambassador to Egypt Jess Dutton on boosting bilateral cooperation, especially in the domains of petroleum, natural gas and mineral wealth.

In a statement, the minister said talks covered available opportunities to increase mining investments in Egypt in order to up their contribution to the Gross Domestic Product, especially as the new law regulating mineral wealth is now being in force.

The Canadian diplomat expressed investors' interest in pumping money into the Egyptian market in the petroleum and natural gas domains.

He invited the minister to take part in the Global Petroleum Show (GPS), an industry leading oil and gas exhibition that will kick off in 2018.

Many Canadian companies are operating in Egypt, including TransGlobe, Sea Dragon Energy's (SDX) and Alexander Nubia.