Daily News Egypt

$23m for the development of Petroleum Marine Services Company: El-Badawi - Daily News Egypt

Advertising Area




Advertising Area



$23m for the development of Petroleum Marine Services Company: El-Badawi

Continuous development of national companies working in the field of construction and petroleum services is of essential importance, said Petroleum Minister Tarek El-Molla on Sunday. He added that the ministry aims to provide full support to Egyptian petroleum companies, in their work in Egypt or projects abroad, to cope with the new stage of the …


Continuous development of national companies working in the field of construction and petroleum services is of essential importance, said Petroleum Minister Tarek El-Molla on Sunday.

He added that the ministry aims to provide full support to Egyptian petroleum companies, in their work in Egypt or projects abroad, to cope with the new stage of the national projects in the oil sector, during the general assembly reviewing the 2017 results of the Petroleum Marine Services Company.

On the other hand, El-Sayed El-Badawi, chairperson of the company, said that these results were achieved through the business development plan to improve the efficiency of the company’s assets to be able to work efficiently in marine projects, where development and modernisation costs amounted to $23m.

He pointed out that 2017 witnessed the signing of the 35 contracts worth about $276m, to record the highest growth rate, as well as success in the installation of four new naval platforms.

He added that the company is implementing a number of diverse projects for plenty of oil companies involved in the field of construction, extending marine lines, and platform maintenance, with a total value of about $7.328bn of investments.

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2018/03/04/23m-development-petroleum-marine-services-company-el-badawi/
Breaking News

No current breaking news

Subscribe to the Newsletter List Subscribe by clicking on the Subscribe
Subscribe
Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View