(3 minutes read)
- Egypt has signed 11 memoranda of understanding and agreements during the second day of the Egypt International Petroleum Conference and Exhibition (EGYPS 2022).
- These included a service agreement between the Egyptian General Petroleum Corporation and Baker Hughes to cooperate in the field of gas recovery and reducing carbon emissions
- It was signed by geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, and Engineer Tamir Nasser, Director General of Baker Hughes Egypt
Egypt has signed 11 memoranda of understanding and agreements during the second day of the Egypt International Petroleum Conference and Exhibition (EGYPS 2022).
These included a service agreement between the Egyptian General Petroleum Corporation and Baker Hughes to cooperate in the field of gas recovery and reducing carbon emissions, which was signed by geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, and Engineer Tamir Nasser, Director General of Baker Hughes Egypt.
A memorandum of understanding was also signed between the Egyptian General Petroleum Corporation and Schneider Electric to cooperate to implement the strategic leadership center project for the petroleum sector.
Another MOU was signed between the American company “Enppi” and “AspenTech” to cooperate in the field of digital transformation. The MOU envisages providing technical support and providing advanced solutions for the exploitation of assets, as well as the establishment of technical workshops and training programs.
A memorandum of understanding between the Egyptian General Petroleum Corporation, Misr Maintenance Company and Emerson was signed to cooperate in the field of tank level measurement projects, combustion emissions monitoring and truck loading measurement.
Another MOU was between the Port of Antwerp and the Ministry of Petroleum and Mineral Resources. It envisages to develop ports and support their development work, explore possibilities and follow up projects in Egyptian ports and the marine market.
Among other MOUs signed during the event included the Red Sea Petrochemical company’s licensing agreement for the polyethylene unit with Univation Company, and the Red Sea Company’s licensing agreement with Linde Company for the steam cracking unit.
