Written by: Marwa Al-Ghoul
Saturday, December 9, 2023 02:00 PM
registered Oil prices $75.84 per barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures contracts recorded $71.23 per barrel upon settlement on Friday, as prices rose by about 3%, but recorded losses on a weekly basis for the seventh week in a row.
Director of the US Trade and Development Agency, Enoh Ebong, confirmed that there is cooperation with Egypt within an agreement to reduce methane emissions from oil and gas industries and to consider ways to mitigate them, pointing out that Egypt will be a pioneer in this field.
The director of the US Trade Agency said in an interview with Sky News, “A plan is being developed with Egypt to identify sources of methane and the possibility of dealing with them to reduce them in the best way and use alternative methods,” noting that the agency is focusing on supporting development projects concerned with climate.
She added that the agency focuses its work on the axes of investment, leadership and innovation, invests in infrastructure projects related to climate action, and looks into development projects for all parties to ensure that they suit their needs and presents them to investors to finance them.
2023-12-09 12:00:00
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