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The Egyptian Petroleum Sector has achieved an outstanding image over the last several decades through operations matrix. it adopted and encouraged the state of the art technologies for the optimal interest of all parties in this industry.
The abovementioned process has boosted us to explore all possible chances to extend the same theme to sustain our credibility within other sectors of the hydrocarbon industry .
We developed a helicopter vision to identify the best area of investments and Development conforming with the global high demand on crud oil – Oil products – Petrochemicals – Natural gas and the international tight market, production and infrastructure capacity which is less than desired .
Egypt’s strategic location being on one of the vital marine traffic routes and its proximity to Europe Asia and Africa made us think of exploiting the best practice and encourage foreign and local investments to fulfill the aggressive world demand on hydrocarbon yields .
We extend our open invitation to all concerned parties to share our vision and mission in acquiring the most dazzling business formula |
| The petroleum sector is now on the threshold of an economic renaissance , a stage that basically depends on working at several major axes : |
| First axis |
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Attracting more foreign & Arab investments. |
| Second axis |
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Any petroleum project that takes place on the land of Egypt should be an added value to the Egyptian economy & should affect investment distinctively . It should also contribute to providing direct & indirect job opportunities whether during the construction or the operation phases. |
| Third axis |
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Any petroleum project should have a profitable revenue in both local & foreign currency. |
| Forth axis |
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Concentrating on exporting high quality petroleum & petrochemical products as well as natural gases. This will be a further step than the previous strategy which was restricted to exporting crude oil and some low quality petroleum products used in manufacturing other materials. |
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| Since the Nineties, the Egyptian government started passing new laws with the aim of attracting local, regional and multi-national investments through reducing & simplifying the procedures & regulations that hinder investment & production resolutions. In this respect, the following laws were issued as a primary step on the road of attracting the Egyptian Private Sector, as well as world & financing investing firms . |
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Freedom of choosing the field of investing. |
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No restrictions on the nationality of the capital. Egyptian, Arab or foreign capitals can hold alone ,or share with any percentage in the investments of the free zone projects. |
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No limit on the volume of the capital , as the law gives the owners of the project the freedom to determine the volume of the capital in the light of the nature, size & the estimated production capacity of the project. |
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The freedom of choosing the legal form of the project ( individual project- People company- money company - foreign company) |
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The freedom of transferring the profits & the invested money & re-exporting it . |
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The freedom of giving operations to others in order to utilize their excess capabilities . |
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The freedom of determining the prices of products as well as the percentage of profits |
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Foreign investors are given facilities in residence, and the foreign workers are given residence licenses upon the project request. |
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