Groundbreaking Oil & Gas MoUs Promise to Transform Sector on Second Day of EGYPS 2022

Groundbreaking Oil & Gas MoUs Promise to Transform Sector on Second Day of EGYPS 2022

The second day of EGYPS 2022 witnessed the signing of several memoranda of understanding (MoU) in attendance of the Ministry of Petroleum and Mineral Resources Tarek El Molla aiming to enhance the operations, production, emissions reduction in addition to other fields.

One of these MoUs was signed between the Egyptian General Petroleum Corporation (EGPC) and the Arab Organization for Industrialization (AOI) for the manufacture, overhaul, and maintenance of turbines. The MOU was signed by EGPC’s CEO Assistant Ayman Emara and AOI Director-General Abdul Rahman Othman.

Also, EGPC has inked another MoU with Schneider Electric to establish a strategic control center within the framework of the Ministry of Petroleum’s digital transition vision and plan. It was signed by Alaa El Batal, EGPC Chairman, and Khaled Kamel, General Manager of Schneider Electric.

Meanwhile, Enppi and US firm AspenTech signed a digital transition MoU, in which AspenTech will provide technical support and advanced solutions for exploiting assets, in addition to organizing technical workshops and trainings.

It was signed by Enppi CEO Mohamed Abdelaziz and AspenTech President & CEO Antonio Pietri. The signing was also witnessed by El Molla.

Furthermore, the Egyptian Petrochemicals Hold Company (ECHEM) and Wood Italiana signed an MoU to prepare a thorough feasibility study for the El Alamein Petrochemical Complex project.

Another MoU was signed between Egypt’s Cooperation Petroleum Company (Copetrole) and US energy giant Chevron to promote cooperation in providing oils, fuel stations activities, and commerce in oils and chemical products.

In addition to that, Eni has also signed a memorandum of understanding (MoU) with Egypt’s petroleum sector to reduce carbon emissions out in the fields.

Another MoU was signed between EGPC, the Egyptian Maintenance Company (EMC), and Emerson to cooperate in tank level measurement projects, emissions footprint and loading measurements. The MoU was signed by EGPC Chairman Alaa El Batal,  EMC’s Chairman Ashraf Bahaa, and Emerson’s President in the Middle East & Africa (MEA) Vidya Ramnath.

Also, Red Sea National Petrochemicals company has signed three MoUs with Univation, Linde, and Axens for developing cracking units. Additionally, Egypt’s petroleum sector companies have signed notable MoUs and agreements with companies, including Ennpi, Baker Hughes, General Electric, Bechtel, Al-Ahly Bank, and HSBC, that aim to reduce carbon emissions from the oil and gas assets in Egypt.

 

 

 

 

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