Egypt's PM inaugurates third International Petroleum Conference in Cairo

Egyptian Prime Minister Mostafa Madbouly inaugurated the three-day International Petroleum Conference in New Cairo on Monday, saying it is a "great opportunity" for the government and different sectors to coordinate vis-a-vis the energy sector.

In a speech at the opening ceremony, Madbouly added that the conference will create opportunities which can benefit all parties.

He has also stressed Egypt's capability in maintaining a plan that has vastly helped its economy in the recent period.

The conference is being held under the auspices of President Abdel-Fattah El-Sisi and will see the participation of a number of Arab and African oil ministers.

The third annual conference and exhibition’s slogan is “North Africa and the Mediterranean: Meeting Tomorrow's Energy Needs."