The emirate of Fujairah and the Egyptian government have signed a Memorandum of Understanding (MoU) to cooperate in the petroleum sector.
According to the statement, the MoU seeks to utilise the integrated system in the Fujairah Oil Industry Zone and implement it at Egypt’s Al Hamra Petroleum Port on the Mediterranean coast.
Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Court, and Mahmoud Nagi, Deputy Minister of Petroleum and Mineral Resources for Transportation and Marketing, signed the agreement.
The MoU aligns with the directives of the leadership in both nations, specifically under the guidance of HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, and the support of HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah.
