Jan 30 2010 |
more articles from
|
Oil shares for sale
The possibility to enlist Egyptian petroleum companies in the Egyptian Stock Market was not ruled out this week by Sameh Fahmi, minister of petroleum and mineral resources. No further details have been given on the amount of projected shares, names of companies, the means or the timeframe under consideration. However, suggestions to put shares of some petroleum companies up for public subscription were made as early as 2008. The two most likely candidates at the time were Tharwa Petroleum Company and the Egyptian Petroleum Company for Alkyl Benzene Production (Elab).Established a few years ago, Tharwa is jointly owned by the Egyptian General Petroleum Corporation (EGPC), the Egyptian Holding Company for Natural Gas (EGAS) , Ganoupe Al-Wadi Petroleum Holding (Ganope), the Ministry of Finance and the National Investment Bank . The company has three affiliate entities, namely Tharwa -Prida, which specialises in manufacturing and assembling drilling rigs, Sino Tharwa , a partner with the Chinese drilling pioneer SINOPEC Company, and the Egyptian Company for Rigs Manufacture.
Located in the Alexandria Free Zone Area, Elab specialises in the production of the raw materials used for producing industrial cleansings.
Further, the government disclosed its intention to sell 65 per cent of the Alexandria Minerals Oil Company ( Amoc ) and the Sidi Kreir Petroleum Company to a strategic investor.
© Al Ahram Weekly 2010
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment