Egypt signs 5 MoUs with int'l companies on carbon emissions reduction, digital transformation
Egypt’s Minister of Petroleum, Tarek El-Molla witnessed the signing of five memorandums of understanding (MoU) and cooperation agreements between the petroleum sector and major global energy and technology companies.
The MoUs and agreements aim to boost bilateral cooperation in the fields of reducing carbon emissions, digital transformation, supporting sustainability and crude oil marketing.
The agreements were signed on the sidelines of the Egypt Petroleum Show (EGYPS 2023).
A MoU between the Petroleum Ministry and Chevron Corporation capacity
A memorandum of understanding was signed between the Ministry of Petroleum and Mineral Resources and Chevron Corporation to cooperate in capacity-building and exchange the best practices for low-carbon projects, including those related to controlling methane emissions.
A joint marketing agreement between the Egyptian General Petroleum Corporation (EGPC and Apache)
An agreement was signed between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation in Egypt (Khalda Petroleum Company and Qarun Petroleum Company) to export Egyptian crude to the international market.