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 domestically 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 assets.
This comes particularly at a time when the demand for platforms is rising because of the enhance in petroleum exercise with the rise in world 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 tasks within the oil and fuel business and a big enhance within the native element – decreasing imports and overseas spending. foreign money are saved.
The transfer may also 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 creating cooperation to switch manufacturing know-how from China to Egypt as a substitute for importing.
First drilling rig manufactured in Egypt now at Egyptian-Chinese language Drilling Firm
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