At the conclusion of his official visit to the UAE, Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, held a meeting with Song Yu, Chairman and Executive Director, Eng. Kamel El-Sawi, the company's Regional President for Africa, and the accompanying delegation.
During the meeting, they asserted on UEG's (United Energy Group) commitment to strengthening its investment expansion in Egypt, taking advantage of the country's positive and attractive investment climate. They also highlighted the successes of the strategic partnership between the company and the Egyptian petroleum sector in Iraq, which serve as a strong incentive to explore new opportunities for cooperation and expansion into regional and international markets in partnership with Egypt.
During the meeting, the Minister witnessed the signing of an MoU between the Ministry of Petroleum and Mineral Resources and UEG. The MoU aims at establishing a strategic framework for cooperation in exploring investment opportunities in the oil and gas sectors inside and outside Egypt, while exploring the possibility of expanding renewable energy projects and energy trading activities.
Following the signing, Song Yu appreciated the fruitful cooperation with the Egypt's petroleum sector, highlighting that the successes achieved on the ground reinforce the company's desire to continue expanding the partnership, especially in light of the strategic pillars and efforts by the Ministry of Petroleum, under the leadership of the Minister of Petroleum, to attract investment and develop the sector.
United Energy Group
Headquartered in Hong Kong and listed on the Stock Exchange of Hong Kong, UEG is a leading independent integrated energy group. The Group is principally engaged in the upstream oil & natural gas, clean energy, and energy trading businesses, with an international footprint.
Source: Ministry of Petroleum and Mineral Resources
