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In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists of their current parent companies.
Pages in category "Oil and gas companies of Egypt" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes. D.
The Egyptian General Petroleum Corporation (EGPC) (Arabic: الهيئة المصرية العامة للبترول) is a national oil company of Egypt. EGPC's business includes crude oil exploration, refining, and storage. The company also produces lubricants and greases and offers services for oil and gas projects. [1]
The Abu Zaabal Specialized Chemicals Company (Egyptian Arabic: أبو زعبل للكيماويات المتخصصة) or Military Factory 18 (مصنع 18 الحربي), is an Egyptian government joint-stock company, one of the companies of the National Authority for Military Production affiliated with the Ministry of Military Production. [1]
The company continued to grow, securing its first New Build contract in 2006. In 2007, MIS was listed on the Oslo Børs stock exchange, and in 2008, it acquired Rig Metals, which focused on onshore rig components. This expansion led to the delivery of its first rig in the Middle East in 2009 and the launch of EPI.
In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6] In August 2004, one of the company's rigs sank in the Mediterranean Sea about 25 miles offshore Egypt after a fire broke out on the rig. [7] In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs. [8]