Egypt News Minister of Petroleum Holds Intensive Talks on Sidelines of International Energy Forum Eng. Tarek Al-Mullah Minister of Petroleum and Mineral Wealth Holds talks with number of Ministers of Petroleum and Energy and number of International Economic Institutions on sidelines of participation at the fifteens International Energy Forum which was held in Algeria, where he met with Senior Officials Headed Roberto Boca President Administration Energy. The Minister explained during the meeting, the correctional actions which taken by the government in the field of Energy, and he showed a summary of Energy strategy until the year 2035 which has been completed includes modification of different energy sources, to make new and renewable Energy have a significant contribution. Minister of Petroleum also had talks with Eng. Khaled AlFaleh, Saudi Minister of Industry and Energy and Mineral Wealth, where it discuss the possibility of Saudi ARAMCO to use facilities from SUMED Company to store crude oil and transport through SUMED lines to Europe, and also they
discussed the possibility of additional activities for SUMED Company such as storage and trading of Diesel and Butane. The Minister also had talks with Mr. Anas Al-Saleh acting Kuwaiti Minister of Petroleum, and Mr. Eulogio Antonio Del Pino Dias Venzuelan Minister of Energy and the Minister had an expanded meeting with workers in PETROJET Company branch in Algeria.
Kuwait Waives About Arbitration Proceedings Against EGAS And GASCO
According to Egypt Policies currently toward investment encouragement and work on ending investment dispute through settling it friendly between parties and in addition to the deep
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2016
close cooperation relations between Egypt and Kuwait. Eng. Tarek Al-Mulla Petroleum and Mineral resources Minister witnessed in the Ministry of Petroleum headquarters the signature of settlement dispute emerging agreement between Kuwait Holding Company and Egyptian Holding Natural Gas Company «EGAS» and Egyptian Natural Gases Company «GASCO» Inc. and Commercial Petroleum Services Company «PETROTRADE» Inc. and Alexandria Fertilizer Company. According to this Kuwait waives about Arbitration Proceedings against Egypt in front of International Centre for Settlement of Investment Disputes related to World Bank «ICSID» under committee of settlement disputes decades investment headed by Council of Ministers.
