On June 30th 2018, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mr. Louis Taylor, Chief Executive of UK Export Finance. They discussed means of boosting investment relations between UK & Egypt, in light of the distinguished ties between the two countries, as well as promoting finance for new projects in the Egyptian Petroleum Sector.
El Molla added that the government encourages private sector participation in new projects and the investments in oil and energy domains, contributing, successfully, to the country's development plans.
For his part, Mr. Louis affirmed the institution interest in strengthening cooperation with Egypt, especially within the availability of many attractive opportunities in the fields of oil, refining and petrochemicals. In addition, he pointed out that the implementation of many positive economic reforms contributed to creating a climate that attracts foreign investment and provides finance for the new projects.