Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, discussed with Australian Ambassador to Cairo, Glenn Miles, the global gas market situation and price levels in light of the challenges imposed by the novel coronavirus (COVID-19) pandemic on energy markets.
The meeting, held via video conference on Tuesday, also discussed the mining sector developments in Egypt and the latest activities by the Eastern Mediterranean Gas Forum (EMGF), according to a ministerial statement.
During the meeting, El-Molla affirmed that several international companies have submitted bids to participate in the global auction of gold recently proposed by Egypt, and that these offers are currently being evaluated.
The minister reviewed the latest activities by the EMGF after the member states signed the forum’s charter, asserting that Egyptian President Abdel Fattah Al-Sisi pays great attention to the forum and its important role in consolidating cooperation between its members.
For his part, Miles stressed Australian companies’ interest in investing in the mining sector in Egypt and participating in the international auctions presented by the country in the field of mineral wealth.
He explained that his country is following the positive developments taking place in the oil and mining sectors in Egypt, which have opened the appetite of international companies to invest in Egypt.
The ambassador praised the signing of the EMGF charter, which is considered a positive model for regional cooperation and has an important role in meeting Europe’s energy needs, appreciating the role Egypt plays in this initiative.
Finally, Miles invited the Egyptian Minister of Petroleum to attend the International Mining Conference in Australia, which will be held this year via video conference, with the participation of more than 250 international mining companies.