Tarek El Molla, Minister of Petroleum and Mineral Resources, hosted a meeting with Denys Toscano Amores, the Ecuadorian Ambassador to Cairo, to explore bilateral cooperation in the oil and gas sectors.
El Molla highlighted the numerous and promising opportunities for collaboration, particularly in oil and gas exploration, research, and production. He emphasised Egypt’s readiness to share its substantial expertise in these areas with Ecuador.
Ambassador Amores expressed Ecuador’s eagerness to engage with Egypt’s petroleum sector and to exchange knowledge, especially considering Egypt’s extensive experience in marine oil and gas exploration.
Amores also conveyed the interest of various Ecuadorian oil companies in exploring investment opportunities within Egypt’s oil and gas industry.
The meeting included finalising preparations for a memorandum of understanding between Egypt’s Ministry of Petroleum and Mineral Resources and Ecuador’s Ministry of Energy and Mines. This memorandum aims to foster cooperation across different industry sectors.
The discussions also included how Ecuador aims to utilise Egyptian expertise for domestic gas delivery, vehicle gas conversion, and the establishment of compressed natural gas fueling stations.
