Egypt, South Korea talk renewable energy cooperation + Apache signals interest in using solar energy at Egyptian oil production sites

Egypt, South Korea discuss green energy cooperation: Egypt’s Oil Minister Tarek El Molla and South Korean Ambassador to Egypt Kim Yong-Hyun held talks to discuss cooperation in green and renewable energies, according to a statement. The South Korean envoy signaled a possible cooperation opportunity in green fuel bunkering in light of advanced South Korean technologies in the field.

REMEMBER- Egypt awarded four bunkering licenses last year to Coral Energy, Minerva Bunkering, and Peninsula companies following a tender under an ambitious plan to become a one-stop ship shop.The SCZone first announced plans to launch the new marine services in January 2022, as part of its 2020-2050 strategy.

ALSO- El Molla met separately with US oil producer Apache Corp CEO John J. Christmann where they affirmed the necessity of maximizing the use of solar energy in oil production sites as an alternative to traditional forms of energy to generate electricity, according to a separate statement. The plan would reportedly help cut costs and curb greenhouse gas emissions, the statement notes.