UK’s Aggreko committed to providing solutions to oil, gas fields

CAIRO – 14 November 2017: UK-based Aggreko signed an agreement with Egyptian state-owned Suez Oil Company (SOCO) to use its flare gas, Egypt manager of Aggreko Ahmed Marzouk announced Tuesday.

Speaking to Egypt Today on the sidelines of their presentation at the British Embassy in Cairo, Marzouk said this project would cost $1.5 million per year and it will use the gas in operating power plants.

Aggreko’s presentation was attended by British Ambassador to Egypt John Casson, chairman of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El-Regal and chairman of the Egyptian Natural Gas Holding Company (EGAS).

Commenting on that, Casson said that UK investors are always looking for new ways to support the Egyptian economy and reaffirm its commitment to be Egypt’s number one partner.

Aggreko has a project to use flare gas that comes from oil and gas projects, which will later help decrease depending on diesel.

This project increases cooperation between Egypt and the UK, “as it represents that the UK is committed to providing needed technologies to strategic sectors especially in the oil and gas sector,” Casson said. He further noted that the project represents more investment, creates more job opporunities and more exports.

“Oil and gas is a growth sector for Egypt and is deemed an industrial sector that we have supported for many decades…we will showcase capabilities in diesel and gas-generated power,” area general manager of Aggreko said.

Reviewing Egyptian-British economic relationship, Casson said that the UK has increased its focus on Egypt over the past few months, most notably through joint business delegations.