The Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, said that countries in North Africa and the Eastern Mediterranean have great opportunities for cooperation and to increase their returns from their wealth by adopting cooperation and partnership as a main approach to their relations, bringing stability and prosperity to the region. Molla’s statements came during the session on Egypt at the ADIPEC conference. Egypt has adopted clear policy towards finding stability and integration, he said, that will be reflected in achieving prosperity. Molla added that Egypt’s successful model for transforming the challenges of the energy sector into successes is supported by several factors, foremost of which are the political stability and economic reform that Egypt has achieved. He discussed the developments of the Eastern Mediterranean Gas Forum and the vision of the transition to low-carbon energy systems, and what is required to secure sources of financing, provide technological solutions, and enhance work on developing skills to achieve that transformation.

Source: The North Africa Journal November 17, 2021 13:04 UTC