El Molla meets with PowerChina, Methanex to discuss expansion in Egypt

Oil Minister Tarek El Molla has met with the heads of PowerChina and Methanex to discuss investment opportunities in Egypt, Al Masry Al Youm reports. The Chairman of PowerChina expressed interest in expanding into Egypt as it turns into a regional energy hub. Senior Vice President of Canada’s Methanex Corporation Brad Boyd reportedly talked up plans to expand the company’s activities in the country by boosting the current production capacity of methanol, which stands at 1.3 mn tonnes.