MEETING WITH INTERNATIONAL FINANCE CORPORATION TEAM23 Apr 2023 13:32
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MINISTER OF OIL AND MINERALS HELD COURTESY MEETING WITH INTERNATIONAL FINANCE CORPORATION TEAM
Dili, Friday, April 21, 2023 - The Minister of Petroleum and Minerals, Dr. Victor da Conceição Soares, accompanied by the Director General of the Ministry of Oil and Minerals, Mr. Leovigildo Pires Pereira, M. Eng.o, and by the Chief of Staff of the Ministry of Petroleum and Minerals, Mr. Valente Ferreira, M. Sc., held a courtesy meeting with the International Finance Corporation (IFC) team, World Bank Group, Mr. Erik Backer, Senior Manager Infrastructure and Natural Resources, East Asia and Pacific for IFC, and Mr. Bilal Aslam, as Investment Officer, Asia Pacific Infrastructure Group for the IFC, which was directly monitored by the Resident Representative International Finance Corporation, Mr David Freedman.
The courtesy meeting was aimed at updating the regulatory framework of the Carbon Capture and Storage Project (CCS) in Bayu-Undan, updated by the team of the International Finance Corporation to the Minister of Oil and Minerals, in relation to the agreement signed between the International Finance Corporation and the Government of East Timor, represented by ANPM, in partnership to ensure the preparations of the Carbon Capture and Storage Project (CCS) in Bayu-Undan, in accordance with international best practices, for the future development of Timor-Leste.