Egypt calls for integration among African oil- producing countries

Egypt's Petroleum Minister highlighted the importance of fostering oil cooperation among the African countries for the welfare of the African continent.

This besides attracting capital for setting up joint projects in the fields of producing and refining crude oil and natural gas, as well as manufacturing petrochemicals, with a view to create an integrated oil industry in Africa, he added.

Fahmy pinpointed that his recent talks with the Secretary -General of the African Petroleum Producers Association (APPA) dealt with holding an extraordinary meeting for APPA in Cairo to probe recent developments in the world oil markets and its impact on the African producers' countries.

The talks also focused on preparing reports on production and consumption of the APPA member states and the future of the refining industry in Africa.

It is worth mentioning that APPA has been established in 1987 in Lagos, Nigeria and comprises 12 countries, namely: Egypt, Algeria, Libya, Nigeria, Gabon, Angola, Benin, the Congo, Cameroon, the Cote d'Ivoire, Zaire and Ghana.