02:45 PM
Saturday, January 21, 2023
Books – Mustafa Eid:
Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, stressed the importance of refining and petrochemical industries projects, and infrastructure projects for the petroleum sector to support plans to secure and stabilize supplies of petroleum and petrochemical products to the local market, and to support Egypt’s work plans as a regional center for oil and gas trade and circulation.
According to a statement from the Ministry of Petroleum today, Saturday, the minister said that the ministry’s work strategy gives full support to these projects, and in recent years ambitious budgets have been allocated to modernize petroleum entities through replacement and renewal projects, development and improvement of energy efficiency, industrial security projects and environmental compatibility.
This came during Al-Mulla’s presidency of the general assemblies of the Egyptian public sector companies, Alexandria and Amreya Petroleum and Petrochemicals, via video conference technology, to approve the planning budgets for the next fiscal year 2023-2024, in the presence of Major General Hisham Amna, Minister of Local Development.
The associations approved the investment budgets presented by Alaa El-Din Amin, President of the Alexandria Petroleum Company, Eng. Hossam Shawky, President of the Amiriya Petroleum Company, and Ahmed Site, President of the Egyptian Petrochemical Company.
The Minister of Petroleum stressed the important role played by the Alexandria Petroleum Company in leading the work of the petroleum geographical area in Alexandria, as well as its distinguished participation in providing an important part of the local market’s needs of petroleum products, and the provision of nutrition products to “Elap, Amok and Enerpic” companies, as well as its provision of an important part of Asphalt needs for the National Roads Project.
He explained that the support given by the ministry to the company’s pioneering role in the Alexandria region and its affiliates comes from what it possesses of capabilities, expertise and a long history in the petroleum industry, pointing to what has been done in the development of specialized petroleum ports, including the efforts made in the El Gouna Basin in Alexandria, as well as the oil ports in Dekheila and Al Ain. Sukhna, Sinai, and others.
Al-Mulla also pointed out the important role played by the Al-Amriya refinery within the Egyptian refining industry system and the importance of development programs such as development projects or digital transformation in increasing the efficiency of the performance of refineries and maintaining their leadership by bringing them to a performance that keeps pace with what their global counterparts offer.
He stressed the importance of adhering to occupational safety and health procedures, preserving the environment and reducing emissions in light of environmental conservation laws.
Al-Mulla explained that the ongoing development of the Egyptian Petrochemical Company, which works to increase its production capacity, and achieves safe, efficient and sustainable operation for it, enhances its economic value in light of the distinguished products it offers that meet the needs of the local market and various industries (PVC and caustic soda producers), especially the PVC product, which enjoys Users praised him, and the importance of his role in Egypt’s civilized project (a decent life) emerged.
Al-Mulla praised the results achieved during the first half of this fiscal year, in light of the work on projects that are being implemented to replace and renew the company’s units, pointing to the ministry’s interest in expanding the products of the Egyptian Petrochemical Company and maximizing its products and revenues within the updated national plan for the petrochemical industry until 2040.
The assemblies were attended by the CEO of the Egyptian General Petroleum Corporation and his deputies, the president of the Egyptian Natural Gas Holding Company (EGAS), the president of the Egyptian Petrochemical Holding Company, the undersecretary for financial affairs, the heads of the central administration of the minister’s office, the central administration for security, the central administration for securing petroleum facilities, and the central administration for communications.
The associations were also attended by the assistant minister for transporting and distributing petroleum products, the first undersecretary of the Central Auditing Agency, the head of the General Union of Petroleum Workers, and representatives of the ministries of finance, planning and industry, and the Public Business Sector Information Center, according to the statement.
