Minister: Egypt Launches Initiative with African Union to support Transformation in Energy Sector

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the meeting organized by the American Chamber of Commerce in Cairo with the delegation of American institutions working in the field of green energy investment (Greentech), who is currently visiting Egypt.

That meeting was attended by Ambassador David Thorne, advisor to the US Presidential Envoy for Climate and Kosh Choksi, First Vice President of the Chamber of Commerce and David Chi, General Manager of the American Apache Company in Egypt, Vice President of the American Chamber of Commerce and representatives of the Chamber and American companies.

The Egyptian minister added that after passing that stage, Egypt adopted the use of natural gas, the cleaner fossil fuel as a transitional fuel towards the energy transition and the expansion of its uses of hydrocarbon until the percentage of its use reached 65% compared to 35% for other hydrocarbon sources.