Cairo:Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, and Russia's Minister of Energy, Sergei Tsivilev, have engaged in discussions aimed at bolstering bilateral cooperation in the energy sector. The talks focused on strengthening partnerships in oil, gas, and mining, as well as coordinating efforts within the Gas Exporting Countries Forum (GECF).
According to Bahrain News Agency, the meeting highlighted investment opportunities in Egypt's oil and gas sector, taking into account the favorable developments in the investment climate. Russian companies have expressed interest in long-term mining projects in Egypt, and both countries are keen on identifying specific projects to enhance technical cooperation.
Furthermore, the two ministers concurred on the necessity of establishing a mechanism to monitor the progress of cooperation in oil, gas, and mining. They also emphasized the importance of aligning their positions within the GECF in preparation for the upcoming ministerial meeting.