New database on Arab oil projects
Egypt will be a venue to hold a forum under the title of "Investment Expansion in gas and petroleum sectors from a future viewpoint," organized by the Arab Economic Unity Council (AEUC).
In a recent meeting, Ahmed Goweili, AEUC Secretary- General, discussed the launching of a new database on the development of Arab oil and its by-product projects and setting up Arab joint ventures in the domains of oil, gas and petrochemicals.
Goweili asserted that the executive council of the Arab petroleum corporations' forum focuses on mobilizing investment resources, creating a favourable investment climate in a bid to boost Arab joint investments and making coordination between Arab petroleum projects.
Additionally, the Council approved axes of joint action which includes making analysis on the world economic variables affecting oil sector, providing non-conventional finance and probing the latest technologies in this field.
