Egypt

Egypt, Italy probe cooperation in petroleum, renewable energy fields

Published on : 2024-04-23

Egypt and Italy have explored opportunities for cooperation in petroleum, oil, mining, critical minerals, and new and renewable energy, as stated on April 22nd. This discussion took place during a meeting between Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla and Italian Minister of Enterprises and Made in Italy Adolfo Urso.

Urso highlighted three potential areas of collaboration between the two countries: oil and gas, green technology industry, and digitization.

In related news, Egyptian Minister of Trade and Industry Ahmed Samir announced that the trade exchange volume between Egypt and Italy reached $5.145 billion in 2023, with Italian investments in Egypt exceeding $3 billion. Samir made these remarks during his meeting with Urso to explore enhancing economic ties.

Separately, Urso met with Egyptian Minister of Communication and Information Technology Amr Talaat to discuss the possibility of establishing an artificial intelligence (AI) center in Egypt to serve Africa.

Egypt Buys Immediate LNG Shipment, Eyes Monthly Imports

The Egyptian Natural Gas Holding Company (EGAS) has secured a new immediate liquefied natural gas (LNG) shipment

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.