Oil Egypt accountACCOUNT King Tut

Petrosonics LLC Awarded Patent in Egypt

Source: www.oilegypt.com 8/5/2009, Location: Egypt

Share |
Axial Vector Energy Corporation ("AVEC") announced that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in Egypt (Egyptian Patent Application No. PCT/NA/122/2006), protecting the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain in force for 20 years.

According to the Oil and Gas Journal and the U.S. Department of Energy, Egypt's proven oil reserves stand at roughly 4 billion barrels. Egypt also has the largest refining sector on the African continent with nine refineries that have a combined crude oil processing capacity of 726,000 bbl/d.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Egypt noted, "International Oil Companies (IOCs), such as ENI, BP, Petronas, KUFPEC and others play a significant role in Egypt's upstream sector on a production-sharing basis with most production coming from mature fields in the Gulf of Suez (50 percent) and the newer wells of the Western Desert. The international companies are already on our list of licensing candidates and the introduction of our technology opens up a lot of Egypt's heavy oil potential, which has not yet been developed commercially. The refineries are all run by Egyptian General Petroleum Corporation (EGPC) subsidiaries and we look forward to be speaking with them as well."

PETRO AVEC CEO Dr. Mark Cullen stated, "We're pleased to add Egypt to the growing list of nations granting intellectual property protection. The timing is fortuitous, given EGPC's ongoing plan to invest in five new refineries with up to a 300,000 pbd per refinery capacity. We are also interested in Egypt's upstream heavy oil production and look forward to assisting as IOC investment permits."

Egypt >>  6/18/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its SD-4X well in t...
Egypt >>  6/14/2018 - Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Min...

Egypt >>  6/14/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that it has spud its SRM-3 appraisal well at South Ramadan...
Egypt >>  6/13/2018 - Subsea 7 announced the award of a sizeable engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delt...

Egypt >>  6/6/2018 - SolstadFarstad is announcing the award of several new contracts, which adds over 2500 vessel working days to the companyís backlog. Details of the con...
Morocco >>  6/5/2018 - Sound Energy, the Moroccan focused upstream gas company, has announced receipt of Ministerial approval of the Sidi Moktar Onshore Petroleum Agreement ...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Detergents  Diesel Fuel  Enhanced Oil Recovery  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Oil Production & Treating  Polyethylene  Polyvinyl chloride  Propane  Summer Diesel 

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 

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us