Grapevine

Romania, Egypt boost economic ties with focus on energy, investment

Romania and Egypt have agreed to deepen economic ties, with a focus on energy cooperation, investment, and promoting trade, according to a statement from the 4th session of the Romanian-Egyptian Joint Committee for Economic, Scientific, and Technical Cooperation.

The meeting, held in Bucharest, was chaired by Ștefan-Radu Oprea, Romania’s Minister of Economy, Entrepreneurship, and Tourism. Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, led the Egyptian delegation.

The two countries discussed a range of issues, including:

Energy: The two sides agreed to explore ways to diversify energy supply sources and routes, with Romania seeking access to liquefied natural gas available in Egypt. They also agreed to collaborate on the development of renewable energy projects, electric transportation systems, and electric interconnection projects.