Russian-Egyptian Cooperation Development

Source: www.oilegypt.com 12/4/2006, Location: Africa

Alexey Miller, Chairman of the Gazprom Management Committee, paid a visit to Egypt. Within the visit Alexey Miller met with Sameh Samir Fahmi, Minister of Petroleum Industry of Egypt, Rashid Mohammad Rashid, Minister of Trade and Industry of Egypt, Sherif Ismail, Chairman of EGAS.

The parties discussed the prospects of Russian-Egyptian cooperation in the oil & gas sector in the framework of the Memorandum of understanding between Gazprom and EGAS signed in March 2005.

Particularly, the meeting reviewed the issues on Gazprom’s participation in the following projects:
Oil and gas exploration and production;
LNG production and supply;
Gas transportation and distribution systems construction;
Development of liquefied and gas hydrocarbon deep processing capacities as well as UGS capacities.
One of the perspective directions is the Egyptian gas export to the countries of the Middle East.

The parties agreed to cooperate in the Sci-Tech sector.


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