Petroleum Minister Tareq el Molla has unveiled big opportunities to enhance partnership between the Egyptian oil sector and the Saudi AlKhorayef Group.

The current stage entails increased partnerships with giant companies to push up oil production and boost local industrialization, Molla said in a meeting with Chairman of AlKhorayef Group Sheikh Saad AlKhorayef Monday.

The meeting took up promising investment opportunities to upgrade the petroleum industry in Egypt.

Molla said AlKhorayef’s oil activities in Egypt over the past years have had a positive outcome, adding it was a win-win partnership.

Molla directed to organize a joint workshop to activate cooperation and partnership agreements with AlKhorayef Group.

Source: State Information Service Egypt