During the second day of Egypt’s fifth International Petroleum Conference and Exposition (EGYPS 2022), his excellency engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, witnessed the signing of joint agreements between the petroleum sector and the Saudi Aramco Group, which are part of the implementation of the phases of the construction of the petrochemical complex in the Suez Canal hub area.
Engineer Mohamed Abady, CEO of Red Sea National Petrochemicals Co., and Engineer Mohamed Yemani Al Qahtani, President of the Saudi Aramco Trading Company.
The agreements and contracts signed include several key areas for accelerating the implementation of this mega-complex, primarily the Agreement of Principles for the Supply of Crude with the Saudi Aramco Trading Company, which is the first and the world leader in the supply of ore.
This will ensure Red Sea Co.’s needs for very light Arab ore for its quality and relevance to the design of the petrochemical complex and Aramco’s long experience and commitment.
Cooperation between the petroleum sector and Saudi Aramco is a culmination and extension of the long-established historical relations between Egypt and the Kingdom’s leadership and people that underpin more successful partnerships in the petroleum and gas sector.
The signing of a contract for the import of essential oils between the Petroleum Authority and Saudi Arabia Luberef.
On the other hand, a contract for the import of essential oils was signed between the Egyptian General Petroleum Authority and Saudi Luberef, which contributes to the needs of the Egyptian domestic market.
Geological Alaa Al-Batal, CEO of the Petroleum Authority, and engineer Tariq Al-Na’im, President of Luberef, were signed in the presence of accountant Khalid Osman, Vice-Chairman of the Oil Authority for Internal Trade, and Superintendent of Foreign Trade and Accounting, and the Accountant Heba Abd Al-Kader the Assistant Vice President of the Oil Authority for Foreign Trade.
