Features / In Focus
Industry Lacks Service Quality
Providing the higher quality became the key factor for service companies in Egypt without taking their eyes off the price aspect to keep themselves within the competition Edison: an aggressive $400 million investment in 2010
Made a historic deal at a time when everybody was cutting down their investments, believed in the high potentials of Abu Qir Concession and trusted their expertise and abilities to achieve prosperous accomplishments, Edison promises more vigorous plans this year in Egypt as Mr. Maurizio Coratella, Edison Country Manager, told Egypt Oil & Gas El-Sharkawi: at least 20% production increase in 2010
Dana Gas, known by being one of the most active companies in Egypt, celebrated the new year of 2010 with the successful achievement of its 2009 production target in excess of 40 thousand boepd Fueling the industry with foreign investment
Over the last quarter of 2009, rumors spread in every corner in the country claiming that major foreign companies plan to decrease, if not discontinue, the volume of their investments and operations in the country due to the deteriorating status of the industry. Some said that foreign partners do not get their share from the EGPC and that negatively affected their financial standard. That is why we raised the question: what is the investment budget of foreign companies in 2010? Mixed expectations for a possible recovery
A full year of economic recession came to an end, but still not fully solved yet. However, the beginning of 2010 has been filled with hopes for global economic recovery, combined with mixed expectations concerning a possible national revival of the petroleum sector during this year High potentials reflected in discoveries boom
Since the beginning of 2009, most of speculations revolved around the slowdown of operations in the petroleum sector, not only in Egypt but also worldwide due to the market instability and the international prices fluctuations. Although some of these assumptions turned to be true, the wheel of oil and gas discoveries in Egypt has proved that nothing would stop it Mixed reactions… with or against the subsidies removal!
Despite the recent campaign waged by an independent newspaper about the cancelation of energy subsidies followed by a series of ministers’ announcements last month, it did not in fact catch the eye as the government’s decision is a one-year old When lack of expertise strengthens capabilities!
Though the headline sounds illogical, it is true that the lack of expertise in any industry, especially in the highly dynamic ones such as the petroleum industry, should be a motivating reason for strengthening the capabilities and skills of existent personnel and paving the way for more professional cadres to emerge in order to be the right work guidance for the middle-age and fresh employers 
