ATHENS – HelleniQ Energy on Wednesday signed a crude oil supply contract with the Egyptian general Petroleum Corporation EGPC.

The agreement was signed in Cairo on the sidelines of an EGYPS energy forum organized by the Arab Republic of Egypt with the participation of several energy companies from the region. The agreement was signed by Andreas Siamisis, CEO of HelleniQ Energy, and Alaa El Batal, chairman of EGPC, in the presence of Egypt’s Oil and Mineral Sources Minister Tarek El Molia.

Commenting on the agreement, Siamisis said that despite the fact that focus is on cleaner energy sources, petroleum continued to be the group’s biggest activity, while it remains a priority in safeguarding alternative sources of crude supply for the Greek market in a very volatile market.