International Courant
Petroleum Minister Tarek al-Molla witnessed the supply of the primary oil rig to be constructed on the Egyptian-Chinese language drilling firm in Ain Sokhna.
Molla defined that the beginning of rig manufacturing regionally is a brand new and essential step that can permit the petroleum sector to maximise its capabilities and speed up its plans to drill wells to extend the manufacturing of petroleum and fuel sources.
This comes particularly at a time when the demand for platforms is rising because of the enhance in petroleum exercise with the rise in international oil costs.
Molla added that the manufacturing of those rigs is one other profitable step on the trail of native manufacturing for the wants of initiatives within the oil and fuel trade and a big enhance within the native element – decreasing imports and overseas spending. foreign money are saved.
The transfer can even assist cowl native market wants and export future.
The primary excavator, made in Egypt, has been accomplished with funding price $6.5 million, representing fruitful financial cooperation between Egypt and China and a profitable instance of growing cooperation to switch manufacturing expertise from China to Egypt as an alternative choice to importing.
First drilling rig manufactured in Egypt now at Egyptian-Chinese language Drilling Firm
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