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December 2006 - Issue ZERO

Editor’s Note w

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On the Ground, In the Know I would like to welcome you all to issue one of Egypt Oil and Gas Newspaper and thank you for reading our publication. I would like to start by introducing Egypt Oil and Gas Company that was founded on the essence of providing the Egyptian oil and gas sector with information services. The company offers a wide span of services ranging from a net-based daily news center (www.egyptoil-gas.com), a career center, intelligence reports with analytical content to detailed annual directories and an e-marketplace which will bring together the buyers and sellers in the oil and gas industry. This monthly newspaper was founded on the basis of providing accurate and timely news to the Egyptian oil and gas sector. Operating under the slogan “On the ground, In the know”, we are dedicated to provide you with information, analysis and in-depth upstream and downstream coverage on key issues affecting the Egyptian industry. Our editorial team will focus each month on bringing the news closer to you. By understanding and analyzing the political, social and strategic changes in the Egyptian petroleum sector, we are able to inform you with the latest news, events and changes happening to companies around you. Your own company could one day be our focus. With the year 2006 coming to an end, we have chosen to round up the events shaping this year’s petroleum sector in our main feature article. The sector has experienced many changes due to political and economic instability worldwide, resulting in the signing of agreements, arising opportunities and potential threats. While some may have gained from the economic turmoil this year, consumers and governments were amongst the main sufferers. However, with the continuous expansions, explorations and projects, one would only hope that the future of oil and gas would be secured. With this thought in mind, our political review, as well as our academic interview both tackled the importance of finding replacements for oil and gas. Egypt is currently looking into reviving the long stalled nuclear program to fulfill the nations ever-increasing energy needs. Also, academics propose that biogas and alternative energies are the only option to secure energy for the generations to come. Every month, the newspaper will dedicate a section for a “corporate interview”, in which we discuss the most important aspects, challenges and the future of the oil and gas sector with one of the industry’s decisionmakers. Alongside, we will have a monthly “corporate overview” where we describe in detail one of the industry’s services, achievements and hopes for the future. This month we are proud to have conducted an interview with the Egyptian-Chinese Drilling Company (ECDC)’s Managing Director, Ayman Abbas and an overview of Drexel Oilfield Equipment. While I have the floor, I would like to thank all of those who have contributed with their effort, time and support to this newspaper. Egypt Oil and Gas would like to acknowledge the Egyptian Ministry of Petroleum, headed by Engineer Sameh Fahmy or their information and cooperation. Finally, I would like to remind you that this newspaper is a work in progress and we welcome your feedback and invite you to send any comments or suggestions to info@egyptoil-gas.com. On behalf of the entire newspaper team we hope you enjoy our effort and hope to see you next month.

Editor in Chief Reem Mohy El-Din Nafie rnafie@egyptoil-gas.com Senior Staff Writer Yomna Bassiouni ybassiouni@egyptoil-gas.com Contributors Mohamed El-Sayed Sarah Broberg Researcher/Analyst Diana Elassy Distribution Manager Basma Naguib Business Development Manager Laila Fayek lfayek@egyptoil-gas.com Business Development Officers Amgad Madi Mohamed Ihab Administrative Manager Marwa Madi Administrative Assistant Sarah Rashdan Art Director Mohamed Madany Assistant Art Director Samia Mouris Accountant Mohamed Al Agamy Legal Advisor Mohamed Ibrahim Publisher Mohamed Fouad mfouad@egyptoil-gas.com Contact Information: Tel: +202 5164776 +202 5192108 Fax: +202 5191487 E-mail: info@egyptoil-gas.com www.egyptoil-gas.com 5 h2, Khedr St., Extension El-Laselky St. Ground Floor, Suite 2 New Maadi, Cairo-Egypt All rights to editorial matters in the newspaper are reserved by Egypt Oil and Gas and no article may be reproduced or transmitted in whole or in part by any means without prior written permission of the publisher.

Reem Nafie Editor in Chief

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Egypt Oil and Gas - December 2006  

Egypt Oil and Gas

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