CAIRO - 15 February 2022: Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of 11 memoranda of understanding and agreements during the activities of the second day of the Egypt International Petroleum Conference and Exhibition (EGYPS 2022). The agreements included a service agreement between the Egyptian General Petroleum Corporation and Baker Hughes to cooperate in the field of gas recovery and reducing carbon emissions, which was signed by geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, and Engineer Tamir Nasser, Director General of Baker Hughes Egypt, according to a statement. The Red Sea Petrochemical Company also signed the licensing agreement for the polyethylene unit with Univation Company, and the Red Sea Company signed the licensing agreement with Linde Company for the steam cracking unit. The Red Sea Company also signed the licensing agreement for the hexane and butene units with Axness Company. It was signed by chemist Saad Helal, president of Echem, and Maxim Malle, director of business development at the Italian company.

Source: Libya Today February 15, 2022 19:17 UTC