Arab Finance: Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, held an expanded meeting with the Abu Dhabi Ports Group; Where he stressed that the government is looking to explore opportunities to maximize the benefit from the advanced assets of the Egyptian oil sector, especially strategic reserves, from crude oil, as well as research in other areas of cooperation of common concern, according to To explain Issued by the Ministry.
As well as establishing a partnership aimed at implementing the second and sixth axes of our integrated strategy in the Ministry, by maximizing the added value of the assets of the Egyptian petroleum sector and enhancing joint regional cooperation, on the forefront of cooperation with the sisterly Emirates, which is characterized by its depth and diversity in all different energy fields, starting from the extraction and production activities, and to reach transportation, distribution and marketing activities, in addition to the need to integrate operating experiences and digital capabilities The applicant enjoyed by the Abu Dhabi Ports Group with the advanced infrastructure of the oil sector in Egypt, to support regional energy security, enhance the flexibility of supply chains, and facilitate the flow of international crude oil trade.
During the visit, Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a memorandum of understanding between the Ministry of Petroleum and the Abu Dhabi Ports Group and TCM with the aim of studying joint regional cooperation that enhances cooperation between the two countries.
The memo was signed by Mr. Ahmed Al -Mutawa, the regional chief executive of the Abu Dhabi Ports Group, Mr. Nasser Shoman, Undersecretary of the Ministry of Petroleum and Mineral Resources for the Transport and Marketing of Products, and Mahmoud Farraj Imran, General Manager of TCM Project Management.
The company had disclosed earlier that it was seeking to cooperate with the companyFor a naval and land transport holder to explore development opportunities The management and operation of an integrated logistical area extending over an area of 1.1 square kilometers, which is scheduled to be one of the largest logistics centers on the Mediterranean, in the port of Alexandria, which is the port through which about 60% of the foreign trade of Egypt pass, according to government figures.
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