Egypt, Libya seek to boost energy cooperation
Egypt and its western neighbor Libya are keen on boosting bilateral cooperation in the fields of electricity and energy, the Egyptian state MENA news agency reported Wednesday.
Earlier in the day, Egyptian Minister of Electricity and Energy Hassan Younes and visiting Secretary of Libya’s General People’s Committee for Electricity, Water and Gas Umran Abu-Kra’aa held talks on this issue. The two sides discussed details to set up a joint ad hoc committee to draw up an executive plan for establishing a 1,300 megawatt power station in Libya, said the report. They also underlined the importance of establishing a power linkage between the two countries and organizing more training sessions at Egyptian centers on energy know-how.
In early July, Egypt and Libya signed a strategic agreement with a number of projects, especially in the sectors of electricity and energy, to boost cooperation between the two neighbors. The projects, including a natural gas pipeline linking the two countries and an oil refinery west of the northern Egyptian port city of Alexandria, will help boost Libyan investments in Egypt to $10 billion in two years. (people.com.cn)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.