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Country-Plan Projects and Tenders |
| 9231 Subject |
18 مليون يورو راس مال الشركة المصرية الصينية لحفر الآبار البترولية A 50 / 50 joint Egyptian Chinese Co. constituted & capitalized at $ 18 million to involve with petroleum wells drilling. |
| Date Published | Tuesday, September 06, 2005 |
| Source Name | Al-Ahram |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
A 50 / 50 joint Egyptian Chinese Co. constituted & capitalized at $18 million to involve with petroleum wells drilling. The venture groups Sinopec Star of China & Tharwa Petroleum Co. (of Egypt Petroleum Sector) and is identified as Sinotharwa Drilling Co. The company would also involve with the maintenance of oil & gas wells, also setting up workshops for the maintenance of drilling & other service equipment. It owns at present two drilling rigs, to be soon increased. |
| Sectors Section | Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Production |
