Petromaint and Petro Scope have signed a memorandum of understanding (MoU) to utilize technology to rationalize energy consumption, according to a statement.

Per the statement, Petro Scope is  the sole agent of Fitch in Egypt, which introduces Fuel Catalyst technology that reduces fuel consumption in addition to improving efficiency and improving thermal value.

The MoU aligns with the Ministry of Petroleum and Mineral Resources’ plan to utilize the best practices to rationalize energy consumption.