El Molla Praises Enppi’s Performance in 2022

El Molla Praises Enppi’s Performance in 2022

Minister of Petroleum and Mineral Resources Tarek El Molla lauded the importance of the steps taken by Enppi to diversify its activities and increase the volume of its business outside Egypt, which amounted to 38%.

This came during the General Assembly of Enppi for the fiscal year 2022 to approve the business results, at the company’s headquarters.

El Molla explained that the expansion of the companies designing and implementing petroleum projects in foreign projects comes within the framework of contributing to the development of economic returns as well as enhancing the distinguished global image of Egyptian companies in the regional and international markets and contributing to the acquisition of Egyptian cadres of global expertise and skills.

During the meeting, Enppi’s Chairman Mohamed Abdel Aziz reviewed the most important performance indicators during 2022, as the total revenues amounted to EGP 17.3 billion, an increase from EGP 11.3 billion in 2021.

Abdel Aziz added that the company’s successes continued, as it won the award for the best project in the field of oil and gas at the level of the Arab Republic of Egypt for the year 2022, for the “Nafta Reform Complex with Catalyst and Izmara” project for the Assiut Oil Refining Company from MEED Corporation.

At the global level, and within the framework of expanding the company’s business abroad, Enppi reaps the fruits of signing a long-term agreement with eight international companies chosen by Aramco, the Saudi oil giant, to implement its projects. After strong competition with seven international companies, the company won the tenders for implementing three major projects. It also succeeded in contracting the design and implementation of two projects for the Jordanian Fajr Company.

Abdel Aziz expressed his gratitude to El Molla for his constant support for the company, which has been established for 45 years as a leading national company in its field.

Sarah Samir 3426 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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