Energy transition leaders join forces to support decarbonization of select operating downstream facilities in Egypt
Cairo, February 15, 2022 - A coalition of energy transition leaders - Bechtel, Enppi, Petrojet, GE, Baker Hughes, HSBC, and the National Bank of Egypt – signed a Memorandum of Understanding under the auspices of Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, yesterday in Cairo.
The coalition will provide execution, technology, and financing expertise for a new initiative to support decarbonization of select downstream facilities in Egypt, aligning plans with the country’s leadership of the COP27, UN Climate Change Conference 2022.
The coalition technical partner organizations have the commitment and track record, as well as the technical expertise and data to be instrumental in this important effort.
“Baker Hughes is proud to be a part of this important milestone to support Egypt’s long-term energy transitions goals,” said Zaher Ibrahim, Vice President, Middle East, North Africa, Turkey and India, Baker Hughes. “Through the coalition, we will establish a collaborative approach to tackling some of the biggest challenges currently being faced by Egypt’s energy industry, with a key focus on helping to reduce carbon footprint and improving the environmental performance of these critical facilities.”
The work of the coalition will begin immediately with an assessment of onshore oil and gas facilities fully or partially owned by the Government of Egypt to target CO2 /methane emissions reduction and energy savings.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and conducting business in 120+ countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at www.bakerhughes.com