The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of multiple memoranda of understanding (MoUs) on the sidelines of the Egypt Petroleum Show (EGYPS) 2019.
A MoU was signed between Misr Petroleum Company and Malaysia’s Petronas to use the energy surplus at the oil blending plant in Al Ammereya, through the establishment of a new marketing company to sell a new brand of oil in the local market, as well as exporting. The two companies will also cooperate in exchanging expertise through their respective research centers.
The minister also saw the signing of another MoU between the ministry and Apache Egypt to support the efforts to qualify young calibers and medium-level managers with a comprehensive program to prepare new leaders within the sector.
A related agreement was inked by the ministry with the American Chamber of Commerce to support the training program by Apache, with the first phase seeing 50 trainees chosen by the ministry.
Meanwhile, the Egyptian Drilling Company (EDC) signed an MoU with Schlumberger to support partnership between the two parties in using modern technologies and elevating efficiencies in petroleum fields to increase productivity.
Furthermore, Enppi signed an MoU with SAP to execute a complete system for asset and resources management in refining and marketing, as well as the establishment of a new technical support center within the petroleum sector.