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Issue-8-21-2-2018.Pdf www.meobserver.org 2 Home 21 Feb. 2018 EGYPS 2018 Egypt is moving into being a regional energy hub President Abdel Fatah al-Sisi inaugurated on Mon- day the second edition of Egypt Petroleum Show (EGYPS 2018) which took place from February 12 to 14, 2018 at Egypt International Exhibition Center (EIEC) in New Cairo City. The exhibition brought together the industry’s ma- jor companies and key players in the Region, provid- ing insights into the upcoming oil and gas opportuni- ties in Egypt and North Africa, from future licensing rounds, project requirements to short and long-term strategic plans and priorities. The conference tackled four main sectors Strategic, Technical, Women in En- ergy and the new Security in Energy, hosting over 150 expert speakers and attracting over 1,000 confer- ence delegates. Minister of Petroleum Tarek el-Molla said during his speech in the opening of EGYPS 2018 that EG- YPS 2018 is one of the ministry’s elements to show the world our successful stories and economic re- forms. Molla added that the EGYPS 2018 is an op- portunity to recognize current possibilities and in- crease co-operation with international companies and oil industry’s experts. Molla also referred to the economic reforms in Egypt such as the energy subsidies, Currency floata- tion and the development of investment legislation which aimed to increase the competitiveness of the national economy. The Ministry of Petroleum signed a coopera- tion agreement during the Conference, with Baker Hughes International Company to launch the opera- tions of Egypt Gate project to market the petroleum zones and oil discoveries, attracting international companies’ investments to these areas. Egypt Gate project aims to develop advanced mechanisms for the marketing of oil and gas exploration areas through Global Energy leaders at EGYPS 2018. the International Information Network, Minister of Petroleum Tarek al-Molla commented. ed the government's commitment to paying all dues nies in the show reflects the progress realized in Egypt, Shell sign agreement for Molla added that this project is considered as a of foreign companies operating in Egypt and pro- the petroleum sector in Egypt and offers a chance milestone to adding the rising petroleum zones on viding an investment-magnet atmosphere to lure for exchanging expertise in the oil and natural gas the development of JV Bapetco the international investment map. The agreement more investments in the energy market domains. Preparations are underway for a visit was signed by undersecretary for agreements and ex- On the other hand, Minister of Petroleum of Ven- by representatives from key Italian companies to The Egyptian General Petroleum Corporation ploration Ashraf Faraj, and vice president of Baker ezuela Manuel Salvador Quevedo Fernandez said Egypt, he added. (EGPC) has signed an agreement with Shell Egypt Hughes AG Ayman Khattab. The agreement states his country’s participation in the conference comes Dubai-based Emirates National Oil Company to develop Badr El Din Petroleum Company (Ba- that the government provides the company with digi- within reviewing a futuristic vision of petroleum (ENOC) announced at the Conference its plan to petco). The deal has been inked by both head of tal infrastructure and electronic applications to sup- and gas production. Meanwhile, Algeria's Energy expand through its subsidiary Dragon Oil. The EGPC and chairman of Shell Egypt Gasser Hantar, port the project and to enhance the predictive ability Minister Mustapha Guitouni noted the importance company said that it participated in the conference according to the petroleum ministry’s statement. of the accounting information for the management of of reviewing laws regulating energy in Africa call- to enhance its presence in Egypt and highlight the This initiative came as part of the petroleum global bidding rounds for oil and gas exploration. It ing for amending these laws to attract foreign in- diversity of its operations and expertise in the en- sector’s strategy to maximise the oil firms’ assets also states that the company prepares a digital invest- vestors to work in the African countries. While ergy sector through its wholly owned exploration and develop production fields, petroleum minister South African Energy Minister David Mahlobo ment map to the outbidding areas. and production company, Dragon Oil. Tarek El-Molla said. Further more, Molla asserted the petroleum sec- said that Africa is full of attractive investment op- This deal will also improve projects’ economies, portunities, adding that his country is participating “Egypt has important sources of energy, as hy- tor’s commitment to drawing up a plan that aims at drocarbon production is estimated to contribute reduce production costs, raise performance level, resolving all problems facing the sector via signing in the conference to discuss means of fostering ties apply governance standards, and upgrade human with the participating countries. about six percent of Egypt's GDP. The government 83 agreements, underlining the importance of the also has ambitious plans to boost investment in resources’ skills, El-Molla added. conference in exploring promising opportunities in Khaled Abu Bakr, the head of the Egyptian side of the Egyptian-Italian Business Council, said the petrochemical sector over the next five years," Bapetco chairman last said that the company is the petroleum market and increasing cooperation planning to drill 31 new wells by the second half with world companies. Egypt will turn into a regional center for natural ENOC Chief Executive Safi Al Dalasi said. gas trade. Dragon Oil fully owns the East Gulf Oil con- of fiscal year 2017/2018 until the end of FY18/19. He described the foreign partners as “key to suc- Bapetco, a joint venture between Royal Dutch cess,” adding that he is sending them a message that In statements to MENA on Tuesday on the fringe cession in the southern Gulf of Suez, covering 93 stresses the government’s keenness on reform as well of the Egypt Petroleum Show 2018, he said the square kilometers in a shallow area with a depth of Shell and EGPC, invested about $202 million in as avoiding all sorts of bureaucracy. He also reiterat- participation of heavyweight international compa- 10 to 40 meters. FY16/17, according to the ministry’s statement. By : Nagy Rashed Ukrainian airlines starts operating flights Egypt plans first hydropower from Cairo to Kiev and Vice Versa plant in Middle East The Electricity Ministry is planning to electricity on Tuesday with representatives Ukrainian International Airlines (UIA) starts in build the first hydropower plant in the Mid- of a number of Italian companies working April 2018, operating flights from Cairo to Kiev and dle East at a capacity of 2,400 MW using in the field of energy and environment as Vice Versa 4 times a week (Monday,Wednesday, Friday and Sunday). the pumped-storage hydropower (PSH) part of efforts to encourage investment in Flying a Boeing 737- 800, the Aircraft has a technology at Ataqa Mountain, Red Sea, to Egypt in the field of electricity and renew- configuration of 162 economy Class standard seats utilize renewable energy resources, Elec- able energy. and 12 business class seats offering competitive tricity Minister Mohamed Shaker said. During the meeting, Shaker reviewed Business and Economy class fares in the Egyptian market to all the cities it flies to, with connections The plant will be established in coopera- measures that the ministry has taken recent- to Almaty, Astana, Ankara, Amsterdam, Baku, tion with Sinohydro, a Chinese state-owned ly to address challenges of power outages in Brussels, Chisinau, Dubai, Istanbul, Larnaca, hydropower engineering company, accord- Egypt, which peaked in 2014. He pointed London Gatwick, Madrid, Milan, Minsk, Paris, ing to Shaker. Shaker discussed means of out that the ministry has completely over- Prague, Stockholm, Tbilisi, and Warsaw. UIA also offers direct long-haul flights with three classes of enhancing joint cooperation in the field of come the problem since June 2015. services (Business, Premium Economy and Econ- omy) from Kiev to: Bangkok, Beijing and Colom- bo. Further more, UIA connects Ukraine to over 80 destinations in Europe, Asia and the Middle East, as well to domestic destinations, operating over Port Said Container and Cargo Handling Company's dry 1000 flights per week. UIA was established in October 1st, 1992 and started operations on November 25th 1992 with Kiev to London flights. It was the first airline in the former Soviet Union to use the new Boeing 737- port in the tenth of Ramada targets boosting exports 400 aircraft. Mr. Jamal Ezz El Din, Chairman of the Board of Directors and Managing tives in providing the best service in the least time and at the lowest cost. Director of Port Said Container and Cargo Handling Company signed a con- It is worth mentioning that the dry port owned by the company is the first tract with 4P Logistics Company specialised for marketing of container han- dry port established in Egypt within the largest industrial gathering in the dling and logistics services for the shipment and handling of empty and filled tenth of Ramadan to serve Egyptian exporters and investors. containers (Incoming - outgoing) inside and outside the customs zone in the It is located on an area of 80 thousand square meters and has a common dry port on 10th of Ramadan. storage area of 2000 m2 and is operated with the latest container handling This contract helps in increasing the productivity of the dry port and attract- equipment. ing a broad base of customers to deal with and revitalise its work, especially The dry port is characterised by its geographical location on the roads with the current trend towards expansion in the field of logistics and its objec- linking the land and the railway with Cairo and Egyptian ports.
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