Features / Interview
BG investments counted for 12% of Egypt’s total 2009 FDI
"I am in the right place, at the right time," described Dr. Arshad Sufi the timing of his appointment as the new President and General Manager of BG Egypt, earlier this year. He believes this is an "exciting time" for investment, future projects and education. Holding a Ph.D in petroleum engineering from Stanford University and distinguished by a splendid resume that includes diverse work experiences in the U.S.A, Canada, Trinidad, Egypt, Qatar, U.K, Nigeria and Oman, the new president bears the mission of maintaining and developing BG activities in the country. Dr. Sufi shares his views and discusses the current and future plans of BG Egypt Mediterranean is the focus
There is a committee responsible for the development of the Mediterranean and it identifies the production and joint production facilities to maximize the use of those facilities in a simple way to reduce the time and work on a common understanding between global partners in the Mediterranean, Eng. Ismail Karara, the previous first undersecretary for gas affairs in the Egyptian petroleum Ministry, said. Statoil’s offshore faith
We can manage the challenges since our goal is to be successful in developing our position in the offshore of Egypt, Anders Kullerud, General Manager of Statoil Egypt, emphasized. How sustainable is this type of long term financing?
Project finance is a long term financing tool with debt repayment being wholly reliant on the success of the project and creditworthiness as such, is a function of a bank’s ability to assess and predict this success. Let us be clear, project finance is not high risk but managed risk. Lenders and advisers undertake a rigorous due diligence process on each project with the benefit of independent advice on technical, environmental, market, legal and insurance aspects of a project. Can we change our mindset?
Though in many countries Integrated Services (IS) is the only way to conduct business, Magdy Wedad, Managing Director of PICO Energy Petroleum Integrated Services, clarifies the values of implementing the IS concept in Egypt El-Khazindar: Aiming to take service quality to the next level
Operating in Egypt since 1937, Yasser El-Khazindar, Vice President and General Manager – East Mediterranean of Schlumberger, stressed that despite the variation of ranks from one market segment to another, Schlumberger currently holds the top rank in the Egyptian market segments altogether MI SWACO introduces new technologies for the deep water activities
Due to acknowledging foreign experience, Hazem El Shaife, MI Swaco Country Manager emphasizes that new technologies in Egypt and the Middle East are always subjected to prices, not all the operators see the value of new technologies especially at the beginning awing to its high-cost Banby: suspension of gas exportation is not a media show
His long decades of experience in the petroleum sector have been like a fortune of information for us. Dr. Hamdy El-Banby, former Minister of Petroleum supports latest decision concerning Egyptian gas exportation and shares his views concerning lifting of subsidies, economic recovery and much more... 
