CAIRO - 17 June 2020: The African Petroleum Producers' Organization (APPO) supported an Egyptian proposal presented by Petroleum Minister Tarek el Molla to establish a work team to put an executive plan to increase cooperation between APPO's member states to improve the petroleum industry in Africa.
Also, the ministerial council chose Egypt to lead the partnership between the Africa Energy Investment Corporation (AEICorp) and the Arab Petroleum Investments Corporation (APICORP), according to state news agency, MENA.
This came during the 38th ministerial conference of the APPO held via video conference with the participation of ministers of energy and petroleum from 15 African states of the APPO member states.
The conference is held to discuss the latest developments facing the global petroleum industry and their impact on the African petroleum industry in light novel coronavirus.
In his word, Mulla pointed out to the importance of coordination and cooperation with the OPEC + to restore the balance in the global prices of oil.
Mulla said that the oil and gas industry is one of the cornerstones of the African economy, asserting Egypt's keenness on cooperating with the African countries in the field of petroleum industry.