Siemens JV to help boost Egypt oil generator business

State-run Egyptian Electricity Holding and Egyptian Maintenance Company for Petroleum Services will be joining hands with German industrial giant Siemens to set up a new company which will help boost oil the country’s generator business.

Eyptian Minister of Petroleum Tarek El Molla received earlier a delegation from Siemens comprising Emad Ghaly, chief executive of Siemens Egypt; and Brian Todd, VP of Oil and Gas Sales, Europe, Russia, and Africa, reported Amwal Alghad.
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During the meeting, the delegation expressed Siemens’ readiness to work on upgrading generators in the oil fields and refining labs in order to improve operational efficiencies, it added.
Source: tradearabia