June 29, 2021

Oman and Egypt review investment opportunities in energy sector

H E Abdullah Nasser al Rahbi, Oman’s ambassador to Egypt and its permanent representative to the Arab League, and Eng Tariq al Mulla, Egyptian Minister of Petroleum and Mineral Resources, reviewed means of promoting cooperation between Oman and Egypt in the fields of energy and oil sector as per the memorandum of understanding (MoU) signed between the two countries.

In a statement to Oman News Agency, H E Rahbi said the meeting discussed prospects of joint cooperation and investment opportunities in the oil and gas sector in the sultanate and Egypt.

He added that the meeting touched on the developments in different economic fields in Oman and the investment opportunities which were announced by the Ministry of Commerce, Industry and Investment Promotion in the field of oil and gas and related industries.

The meeting also discussed the joint cooperation between the two countries.

H E Rahbi further said that the meeting explored the investment climate and incentives offered by the sultanate to allure investments and achieve the joint interests of both sides.

The meeting reviewed the activities of different companies working in Egypt which are currently conducting more research and exploration in the oil and gas sector.


Categories : oil and gas

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