Egypt, API, EPDG sign development MoU

Following the close collaboration over the years to support Egypt in becoming an energy hub, Port of Antwerp International “PAI” together with their local partner Egyptian Port Development Group “EPDG” are excited to have signed an MOU with the Minister of Petroleum during EGYPS 2022 to continue the process in the energy transition, EPDG said in a statement. 
“We have signed this agreement during EGYPS to work together with the Ministry of Petroleum (MoP) on port development in Egypt, river transportation, safety, and green hydrogen,” Dalia Samir, Business Development Director at EPDG, told Egypt Oil & Gas.
Egypt is strategically located to function as a bunker & energy hub and has assets to play an important role in the production and export of hydrogen. This is the next step in strengthening the relationship with Egypt for a more sustainable future, PAI announced.
To encourage this process, PAI together with their local partner EPDG will continue to support Egypt in the development of its leading role toward a more sustainable future.
Recently PAI and EPDG completed EU funded project covering bunkering, gas trading, and on-site visit to the port of Antwerp.
The MoU scope of work includes the business support and know-how transfer, including assessment of the two-year EU Egypt Delegation, funded project and the MoP and PAI cooperation for supporting Egypt Energy Hub Ambitions. The scope of work further includes river transportation of petroleum products, business concept, model and feasibility review and validation, port cross-services either for revenue generation or competitiveness, hydrogen handling infrastructure, training and capacity building.
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