Qandeel Discusses the Oil Refineries DevelopmentSource: SIS.org.eg 11/30/2012, Location: Egypt
Prime Minister Dr. Hisham Qandeel held a meeting on the future vision for the development of oil refineries in order to meet the local market's needs of petroleum products. The meeting was attended by ministers of planning and international cooperation, petroleum, industry and foreign trade and the Cabinet Secretary General.
Cabinet Spokesman Ambassador Alaa Hadidi said that Minister of Petroleum and Mineral Resources Osama Kamal presented, during the meeting, a comprehensive plan to the Cabinet including forecasts on annual consumption of petroleum products. He added that the ministry's plan depends on reducing import of petroleum products and relying mainly on local production through the implementation of several important projects to develop existing refineries and upgrading their efficiencies.
Prime Minister chairs meeting of new company
Prime Minister Hisham Qandeel chaired the first meeting of the founding board of the Shalateen mineral wealth company on Thursday.
The Cabinet issued a decision Monday to establish the company at a licensed capital of LE10 million. It is a joint stock body between the Egyptian Mineral Resources Authority, National Investment Bank and Egyptian Company for Mineral Resources.
The company will help lure investments and create job opportunities in the Eastern Desert in the city of Shalateen and in the Red Sea region.
Int'l consultancy house to develop iron steel company
An international consultancy house will be assigned with developing the Egyptian Iron Steel Co. to increase its output and turn it to a profit-making entity instead of its current stumbling financial status, said cabinet spokesman Alaa al-Hadidi on Thursday.
This was agreed upon during yesterday's meeting between Prime Minister Hisham Qandeel and the investment minister, board chairpersons of the holding company of mineral industries, the Iron and Steel Co. and El Nasr For Coke & Chemicals, the spokesman said.
Qandeel also agreed to develop the Coke Company so that it would continue production and meet local market and exports demands.
Egypt >> 9/2/2019 - The Ministry of Petroleum said 10 exploratory wells were dug in the Western Desert and they went online in a record time with a daily average output o...
Egypt >> 8/26/2019 - Prime Minister Mostafa Madbouli said that the state attaches great importance to the petroleum sector due to its vital role in pushing forward develop...
Egypt >> 9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partnerís oil and gas revenues of ...
Enhanced Oil Recovery
Fluids Drilling, Completion, Workover & Stimulation
Gasoline (Lead free)
Kerosene. Domestic use
Lubricants, Oils & Greases
Oil Production & Treating
Related Articles: Butene Crude Oil Diesel Fuel Ethylene Fuel oil Gasoline (Lead free) General Jet fuel Lubricants, Oils & Greases Oil Production & Treating Polyethylene Polyvinyl chloride Propane
Oil Egypt E-Marketplace - Subscription Packages - Benefits