Tuesday, April 23, 2024
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Tuesday, April 23, 2024
Today's News

Egypt signs 16 MoU during EGYPS 2023 final day

Egypt signs 16 MoU during EGYPS 2023's final day

Egypt’s Oil and Mineral Resources Preacher Tarek el Molla observed on Wednesday the signing of 16 memoranda of understanding as well as collaboration contracts between the petroleum field as well as a variety of international business.

The deals were made within the structure of broadening collaborations, supplying new possibilities to the Egyptian oil field companies, sustaining digital makeover tasks, understanding environmental sustainability as well as cutting carbon discharges.

This came at the final day of the Egyptian Petroleum Show (EGYPS 2023).

Waste management to convert it into sustainable jet fuel

The Egyptian Gas Holding Company (EGAS) and Covering authorized a memorandum of understanding (MoU) to assess the management of waste to convert it right into sustainable jet gas.

The MoU intends to examine the readily available quantities of agricultural residues resulting from marine and also solid activities, carbon dioxide from some sectors, and low-carbon hydrogen in order to transform them into low-carbon gas and lasting biofuels.

The facilities, modern technology as well as pathways available for the production of sustainable biofuels for aeronautics will certainly be examined.

Additionally, the MoU includes establishing a roadmap for available manufacturing choices and a basic framework for policies associated with the production of low-carbon gas as well as sustainable biofuels in Egypt.

Aviation fuel supply

The Egyptian General Petroleum Corporation (EGPC) signed a contract with the Saudi Power Business, APSCO, for the sale of civil jet gas at Cairo International Airport.

This can be found in light of the irreversible efforts of the oil field to bring in new financial investments, as APSCO is one of the leading business on the planet and also the Kingdom in the supply of air travel gas and also lubricants.

Work-related health and environmental protection on drilling rigs

The EGPC additionally signed a MoU with the Chinese business CCDC Center East, a subsidiary of the Chinese National Oil Corporation, to apply modern-day systems for handling work security and also wellness as well as environmental management on boring gears.

Additionally, the EGPC authorized a MoU with DNV Business for collaboration in the area of sustainability in its economic, ecological as well as social measurements.

A structure agreement was likewise authorized in between the EGPC and also Cisco to support digital improvement projects, provide the most recent services and also programs, and provide technological support. It intends to secure and also protect the facilities of the petroleum market.

Last Updated:  16 February 2023

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