28 March 2014

Egypt: Abdel-Nour Tackles Energy Cooperation With Russia

Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour had a series of meetings with a number of Russian officials and heads of funding institutions before his departure from Moscow.

In a statement on Thursday 27/03/2014, the ministry said Abdel-Nour had met with Russian Energy Minister Aleksandr Novak to probe cooperation in the different energy domains.

The Minister urged the Russian side to support Russian companies working in the oil and energy fields to encourage them to invest in the Egyptian market, the statement added.

Egypt has great potentials in the petrochemicals sector, Abdel-Nour said, inviting Novak to lead a delegation of oil and energy companies to visit Egypt.

For his part, Novak invited the Egyptian investment, electricity and petroleum ministers to attend two important events hosted by Moscow: the International Energy Forum (May 15-16) and the World Petroleum Congress (June 15-19).

Abdel-Nour's meetings in Russia included one with representatives of the Russian Direct Investment Fund (RDIF).

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