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Home Business

Delegation from Ministry of Petroleum visits Egypt

byNewsdesk1
July 8, 2014
Reading Time: 1 min read
A A

By Libya Herald staff.

Tripoli, 7 July 2014:

A delegation from the Libyan Ministry of Petroleum arrived in Cairo early this morning for . . .[restrict]a four-day meeting with senior officials to discuss trade relations between the two countries.

According to LANA news agency, the delegation will take part in the ministerial meetings of the African Petroleum Producers’ Association (APPA). They will also meet a number of Egyptian officials to discuss future cooperation between Egypt and Libya in the oil and gas sectors. It has also been reported that the Libyan delegation hopes to benefit from Egyptian expertise in oilfield development.

The visit has come just months after the Egyptian Oil Minister Sherif Ismail told Reuters the country would need to import an additional $1 billion-worth of petroleum products to meet energy needs for the summer.  Saudi Arabia, Kuwait and the UAE have already provided  Egypt with $4 billion in fuel products since the ouster of  Mohammed Mursi. [/restrict]

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