Egypt, EU sign new strategic cooperation agreement

CAIRO, Egypt and the European Union (EU) signed on Monday a Memo of Understanding (MoU) for a new strategic cooperation in energy.

The signing ceremony was attended by Egypt’s Prime Minister Sharif Ismail, Minister of Electricity and Renewable Energy Mohammad Shaker, Minister of Oil and Mineral Resources Tareq Al-Mulla, and EU Commissioner for Climate Action and Energy Miguel Arias Canete, Egypt’s premier office said in a statement.

The statement added that the MoU was in the framework of enhancing relations between the two sides, particularly in the energy sector in 2018-22.

The agreement should also boost the development of energy trade center and support for alternative energy.

The statement noted the Egyptian premier expressed appreciation for the ongoing cooperation with the EU on various levels.

For his part, Canete praised Egypt’s success in the petroleum sector and natural gas discoveries in the Mediterranean Sea, expressed at the same time on behalf of the EU his appreciation for the constant cooperation with Egypt.

Source: Kuwait News Agency