Cairo: The Ministry of Petroleum and Mineral Resources and the UAE’s Fujairah Emirate Government have activated a cooperation agreement that was initially signed in August. The first oil tanker has arrived under the terms of this agreement, as stated by the ministry.

According to State Information Service Egypt, this cooperation agreement marks a significant step in strengthening the ties between the two entities. The arrival of the first oil tanker signifies the operational commencement of the agreement, aiming to enhance resource exchange and collaboration in the petroleum sector.

This development is expected to foster economic growth and mutual benefits for both parties involved. The agreement is seen as a strategic move to boost the petroleum industry and ensure a steady supply of resources between the Ministry of Petroleum and Mineral Resources and Fujairah Emirate Government.