Egypt and Kazakhstan to have joint mineral exploration

July 25, 2023

(3 minutes read)

Egyptian Minister of Petroleum and Mineral Resources, Engineer Tariq Al-Mulla, met with the Ambassador of Kazakhstan in Cairo, Ambassador Khairat Lama, where they discussed opportunities for cooperation in the field of mining and geological survey

The delegation of the Kazakh company, Qazaq Geophysics, which included Bekasil Okishev, General Manager of the company, and Dmitry Inkin, General Manager of Technical Affairs, in the presence of Ayrpolat Garvenbayauli, Counselor of the Embassy of Kazakhstan in Cairo met with Egyptian Minister.

During the meeting, Engineer Tariq Al-Mulla received an invitation from his Kazakh counterpart, the Minister of Energy, conveyed by the Kazakh ambassador to attend the Energy Week in Kazakhstan, which will be held from 3 to 6 October next.

The meeting witnessed a discussion of opportunities for cooperation with the Kazakh company in the field of mining and geological survey activities for mining areas. Kazakhstan has considerable expertise in mining particularly in the hydrocarbon sector.

Maya Hennerkes, the Director for Green Financial Systems at the Climate Strategy and Delivery Department of the European Bank for Reconstruction and Development (EBRD), said that Egypt is on the right track toward a green and sustainable energy transition.

Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the Bank has invested more than €9.8 billion in 152 projects across the country.

https://trendsnafrica.com/indian-prime-minister-narendra-modi-in-egypt/

Egypt has put down a number of old power stations, aggregating 5 gigawatts of capacity, due to their large consumption of fossil fuel and replacing them with renewable energy sources. The EBRD has allocated €1.3 billion to finance projects in Egypt to help the country to transition to clean energy. The time limit set is five years.