Egypt Coordinates with Aramco to Manufacture ‘Static Equipment’

Egyptian Minister of Petroleum Tarek el-Molla inspects locally manufactured equipment for the petroleum sector (Asharq Al-Awsat)
Egyptian Minister of Petroleum Tarek el-Molla inspects locally manufactured equipment for the petroleum sector (Asharq Al-Awsat)
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Egypt Coordinates with Aramco to Manufacture ‘Static Equipment’

Egyptian Minister of Petroleum Tarek el-Molla inspects locally manufactured equipment for the petroleum sector (Asharq Al-Awsat)
Egyptian Minister of Petroleum Tarek el-Molla inspects locally manufactured equipment for the petroleum sector (Asharq Al-Awsat)

The Egyptian Ministry of Petroleum has said Petrojet is coordinating with Saudi Aramco to establish workshops for manufacturing static equipment in the oil sector.

The ministry explained on Monday in a press statement, a copy of which was obtained by Asharq Al-Awsat, that the new workshops are scheduled to be established in King Salman Energy Park (SPARK), as approved by Aramco.

It added that they are coordinating with Saudi Luberef regarding cooperation in the manufacture of static equipment.

The central workshops have already been approved and contracts have been made to manufacture several static equipment.

The ministry will also coordinate with the Algerian company Sonatrach regarding cooperation in manufacturing static equipment in Algeria.

Petrojet has established five workshops in Egypt; two are being built in el-Alamein and Tebbin. The company also has an affiliated manufacturing workshop in Iraq.

According to Petrojet President Waleed Lotfy, the workshops' most important specialized equipment are heat exchangers, distillation towers, pressure vessels, heat treatment furnaces, air coolers, and repair and maintenance of obsolete static equipment.

Lotfy pointed out that this equipment helped implement the Zohr gas field development project, the West Delta gas field development, the nitrogen fertilizer complex project in Ain Sokhna, and the new asphalt complex at the Suez Petroleum Manufacturing Plant.

He explained that equipment manufacturing work developed from 6.8 tons in 2021 to 12 tons in 2023, noting that metal structure manufacturing work increased in the same period from 23 tons to 40 tons.

Workshops are valued at $160,000 compared to $105,000 in 2021, while the total manufacturing work carried out in the central workshops between 2021 and 2023 amounted to $594 million, including integrated manufacturing work by Porsche valued at $297 million.

Egyptian Minister of Petroleum Tarek el-Molla stressed that localizing and increasing the local manufacturing base of petroleum equipment and supplies necessary for oil and gas activities are among the main pillars for completing the strategic and vital projects.

The Minister inspected the work progress in the central workshops for manufacturing static equipment in el-Katameya, affiliated with Petrojet, followed up, and reviewed the results of developing the workshops to maximize the local product and reduce imports from abroad.



US Imposes Sanctions on Iran and Houthi-related Targets

Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
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US Imposes Sanctions on Iran and Houthi-related Targets

Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB

The United States on Thursday imposed sanctions on Iran and Houthi-related entities, according to the Treasury Department website which listed a number of individuals, companies and vessels that had been targeted.

The sanctions target three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars for Iran's leaders, the Treasury said, supporting its nuclear program, development of ballistic missiles and financing of proxies including Lebanon’s Hezbollah, Hamas in the Gaza Strip and the Houthis in Yemen.

“The United States is committed to targeting Iran’s key revenue streams that fund its destabilizing activities,” Bradley Smith, acting under secretary for terrorism and financial intelligence, said in a release. Smith said Iran relies on a shadowy network of vessels, companies, and facilitators for those activities.

The vessels targeted were the Djibouti-flagged crude oil tanker MS ENOLA, owned by Journey Investment company, the San Marino-flagged MS ANGIA, and the Panama-flagged MS MELENIA. The last two tankers are managed and operated by Liberia- and Greece-registered Rose Shipping Limited, Treasury said.

The Treasury also sanctioned a dozen individuals, including the head of the Houthi-aligned Central Bank of Yemen branch in Sanaa, for their roles in trafficking arms, laundering money, and shipping illicit Iranian petroleum for the benefit of the Houthi militias.

It said that among the persons designated are key smuggling operatives, arms traffickers, and shipping and financial facilitators who have enabled the Houthis to acquire and transport an array of dual-use and weapons components, as well as generate revenue to support their destabilizing regional activities.

The sanctions block all property and interests in the United States of the designated parties and US persons and entities dealing with them could be exposed to sanctions or enforcement actions including fines.