Both sides signed the MoU on the second day of the Fourth Edition of the Egypt Petroleum Show “EGYPS 2020,” held in Cairo. He said it also contributes to opening new fields of work for oil sector companies abroad. Mulla also signed two MoUs to implement oil projects in Equatorial Guinea, through “Petrojet,” the executive arm of the Egyptian oil sector. Egypt also signed on Wednesday seven agreements to support and increase cooperation with a number of major US and British oil companies and financial institutions. The agreement aims to further enhance bilateral cooperation in the field of developing the oil sector, especially with regard to developing infrastructure for the energy sector in Egypt and increasing the private sector’s participation.

Source: The North Africa Journal February 13, 2020 12:45 UTC