Issue: February 2016

Download

COVER

INSIDE ISSUE

  • The Dilemma of Egypt’s Refining Goals

    For Egypt, becoming a regional petrochemical and refined product exporter would be a dream come true. If this happens, Cairo would be a heavy-hitting geographic power player, able to lessen the burden on the state budget at a time when refined product imports are less accessible in foreign reserves.

  • Egyptian Industries Between the Dollar Crisis and the Energy Challenges

    Going into 2016, most of us are reflecting on the year gone by and looking forward to the year ahead. Many in the Egyptian industry, however, may be less than optimistic about 2016. The past year has been difficult for Egyptian industry, which has been consistently inhibited by dollar and energy shortages. Despite efforts to alleviate these challenges, these problems are not likely to be fully resolved any time soon. Looking to the year ahead, it may be helpful to recap the roots of these problems, how they affected Egyptian industry in 2015 and their possible outlook for 2016.

  • Egypt Is Not Suffering from $30 Oil. Here Is Why.

    Having reduced its foreign arrears from $7b in 2013 to $3b in 2015, discovered the largest Mediterranean natural gas field, and received investment commitments for a combined $24b from BP and Eni, Egypt’s energy sector seems to have a positive outlook, while other neighbors suffer.

  • Optimizing Egypt’s Fuel Distribution Scheme

    Drivers of cars, taxis, micro buses, and trucks know the drill by heart. Line up in front of a petrol station, wait for hours, fill up your tank, and drive away. Fuel shortage crises in Egypt erupted on countless occasions in the last few years. The government seems in denial that these crises are genuine; reflecting on deficiencies in the country’s downstream sector. Yet, it has started implementing a new fuel distribution system. The government awaits its new smart cards scheme to do the trick, and generate a massive improvement in fuel supplies to end customers.

  • New Generation Concept: VOS Navigates the Oil Price Waves

    We have just left behind a difficult year for Offshore Shipping. Extremely harsh business conditions have been forcing many companies all across the industry to implement often dramatic cost-saving and re-structuring measures. In 2016 the global Oil & Gas market continues with the alignment of operations and investment strategies on the basis of the ongoing, low oil-price reality. However, market fluctuations are part of the business in which we operate and the key to success is being flexible enough to add value in all circumstances. In such a challenging environment, Vroon Offshore Services (VOS), a leading maritime offshore-services provider with over fifty years’ experience in the business, has continuously been developing and enhancing its world-class offshore-support solutions.

  • Across the Technological Horizon: R&D Solutions for Egypt’s Downstream Sector

    Global technological breakthroughs in nano-applications are accelerating in the post-production or downstream sector of the oil industry. Egypt desperately needs to utilize these advances to solve many of its outlying economic problems related to the petroleum industry. The question is whether the scientific and industrial infrastructure of the country is suited for riding this technological wave that encompasses everything from petrochemicals to refining to midstream and even upstream.

  • Policy Options and Prospects for Egypt’s Downstream Sector

    Egypt’s refining industry suffers from a series of mismatches in the downstream sector. Refineries are not designed to process certain grades of crude that nonetheless are supplied to them. Business sources explain that the same holds true of petrochemicals. The end result of this has been excess capacity, underperformance, underinvestment, and technological backlog.

  • Entering a New Period of Uncertainty

    «Upstream» and «downstream» are general business terms referring to a company›s location in the supply chain. The closer to the end user a function or firm is, the further downstream it is said to be. Raw material extraction or production are elements of the supply chain considered to be upstream. The oil and gas supply chain is commonly referenced in this manner. The upstream companies identify oil and natural gas deposits and engage in the extraction of these resources from underground. These firms are often called exploration and production companies. Refiners represent the downstream element of the oil and gas supply chain.

  • Protecting and Commercializing Petroleum Technology: Recent Developments in Intelligent Energy Law

    Intelligent Energy Law is a key element of the continuing progression of “Intelligent Energy” solutions and innovations. It can be defined as the strategic planning and application of international law and contracts to maximize investment returns on advanced technology and know-how through the creation, acquisition, commercialization and protection of intellectual property.

  • Petrozenima Muzhil Field Development

    South Abu Zenima Petroleum Company (Petrozenima) has been established as a joint venture company between Egyptian General Petroleum Corporation (EGPC) and National Petroleum Company (NPC) to carry out Muzhil Field Development in South Abu Zenima Concession.