Egypt

Egyptian-Hungarian talks in the field of oil and gas

Published on : 2020-10-25

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, met the Hungarian Ambassador, András Kovacs, sunday, to discuss cooperation in the oil and gas sector, according to a press release.

El Molla welcomed Hungary’s readiness to send a delegate of experts and companies’ chairmen to Egypt for finding ways of cooperation and available investment opportunities. He also referred to the virtual meetings which have been conducted in the past period between the working teams of the two sides to define the working priorities.

For his part, Kovacs confirmed the European Union interest in diversifying the energy resources, adding that the Hungarian companies are interested in investing in Egypt’s petroleum industry and presenting scholarships for Egyptian students.

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