Tarek El-Molla, Minister of Petroleum and Mineral Resources, has met Elkhan Polokhov, the ambassador of Azerbaijan in Cairo, where they discussed ways to support joint cooperation between the two countries and investment opportunities available in the field of oil, gas and green energies in Egypt, in addition to the possibility of exchanging experiences between the two sides in these fields.
During the meeting, El-Molla pointed out the historical relations and cooperation of the petroleum sector with the State Petroleum Company of the Republic of Azerbaijan (SOCAR) in the fields of crude oil and refining, pointing out that the sector has distinguished manufacturing facilities for supplies and equipment, in addition to the expertise gained by Egyptian oil companies during recent years in the field of design and implementation of important projects inside and outside Egypt and the possibility of their participation in oil and gas projects in Azerbaijan. The minister reviewed the projects being worked on in the field of petrochemicals in Egypt and the investment opportunities available in the petroleum sector.
For his part, the Azerbaijani ambassador affirmed that his country possesses great experiences in the fields of oil, gas and green energies and is ready to exchange these experiences with Egypt, and that Azerbaijan, like Egypt, exports natural gas to Europe and seeks opportunities to increase the quantities exported, which is one of the important areas in which cooperation with Egypt can be achieved Referring to Azerbaijan’s endeavor to establish a gas liquefaction plant that may benefit from the pioneering Egyptian experience in this regard, and that one of the proposed areas of cooperation is the expansion of the production of petrochemical products, especially fertilizers, and pointed to the possibility of preparing training programs to develop the skills and capabilities of the human element on both sides, and holding meetings between the two sides to prepare for signing a memorandum of understanding to support cooperation in the proposed fields between the two countries.
El-Molla invited the Azerbaijani Minister of Energy to attend the Egyptian International Petroleum Conference and Exhibition EGYPS 2023 in its next edition, which will start in mid-February.