A press release issued by the Egyptian Ministry of Petroleum on Tuesday, which Asharq Al-Awsat obtained a copy of, stated that under the agreement, “economic feasibility studies and the best available opportunities in the petroleum sector will be conducted to implement projects for extracting and storing carbon dioxide for the production of blue ammonia using the latest Japanese technologies. That the study be completed within 6 months in preparation for moving forward in implementing the best of these projects at the commercial and environmental levels.”
The signing of the memorandum was witnessed by Tarek El-Molla, Minister of Petroleum and Mineral Resources, and Matsubayashi Kenichiro, Deputy Japanese Ambassador to Cairo. The memorandum was signed by the chemist Saad Hilal, President of Echem, Magdy Galal, President of EGAS, and Yoshihiro Inoue, Executive Advisor to Toyota Tsusho, in the presence of Osama Mubarez, Undersecretary for Technical Office Affairs, and Dr. Samir Al-Quraish, supervisor of green energy activities at EGAS.
Meanwhile, the minister pointed to the importance of accelerating the implementation of the digital transformation in the management of petroleum activities within the framework of the seventh program of the development and modernization project, directing “to speed up the implementation of the national control system in the national network for the transportation and circulation of crude and petroleum products, which works to increase the security of the system’s operation and support the speed of adoption. The decision comes in light of the vital importance of the network as a vital artery that efficiently transports crude and petroleum products from oil fields, reception ports and refineries to all parts of Egypt.”
He also “directed to continue developing and raising the efficiency of the infrastructure, including warehouses, heating stations, and laying new lines in accordance with the development and modern technologies in this field, in light of the Petroleum Pipelines Company’s dealings with millions of tons and implementing investments that are currently in the billions,” noting that the petroleum sector attaches great importance to increasing investments. And meet all the needs of the local market and development projects and support the economy.
Al-Mulla pointed out that “launching a comprehensive development strategy and raising the efficiency of the butane supply system, which resulted in the elimination of all challenges that existed five years ago, as well as achieving a qualitative leap in this activity by providing 7 main outlets to receive butane in ports currently, including 3 outlets on the Mediterranean Sea. And 4 ports on the Red Sea, compared to only two before.”
The minister added: “In addition to increasing the storage capacity in fields and ports, extending new gas transmission lines, and raising the efficiency of facilities, filling factories, and distribution centers at the level of the Republic, the implementation of digital transformation in the system has also been started by adding a smart control system in packaging, transportation and distribution operations, as well as the application of the SCADA system. To ensure control and oversight of operations.
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