(MENAFN- Khaleej Times) Egypt has appointed Tarek El Molla as chairman of state-run Egyptian General Petroleum Corp, or EGPC, the oil ministry said, a move that is likely to encourage foreign oil companies operating there.
"Tarek El Molla, who is vice-chairman for foreign trade, will carry out the duties of chairman of EGPC," a ministry statement said. Molla replaces Tarek El Barkatawy.
"It's good because before he was head of foreign trade and operations. He is active and I hope that things improve," an Egyptian industry source said.
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