Egypt

Egyp’s Copetrol signs agreement with Huawei to develop its communication infrastructure

Published on : 2023-02-16

State-owned Cooperation Petrol Company (Copetrol) signed on Wednesday a cooperation agreement with Huawei Technologies to modernise the company's tech and communication infrastructure in light of Egypt’s Vision 2030.

CEO of Huawei Egypt Jim Liu and Chairman of Copetrol Ayman Naguib inked the agreement on the sidlelines of the sixth edition of Egypt Petroleum Show, which kicked off on Monday and concludes today.

Under the agreement, Huawei Technologies will provide the Egyptian oil and gas giant with consultancy services as well as cutting-edge tech solutions for upgrading the company’s fuel stations as part of digital transformation efforts in Egypt.

Huawei will also provide training courses for the company’s employees and engineers on the latest methods of fuel stations management and on uplifting stations efficiency.

“Empowering a vital sector like petroleum and accelerating the pace of its digital transformation is a key pillar of Huawei’s strategy in Egypt that focuses on transferring its experiences to the sector’s key players in the local market”, said Huawei’s Liu.

Huawei also inked a cooperation agreement with state-owned Egyptian Maintenance Company (EMC), which provides engineering solutions to oil, gas, and petrochemical sectors.

This agreement, which was signed by Huawei’s Liu and EMC’s Ashraf Bahaa, comes within the framework of supporting digital transofrmation in the petroleum sector.   

Huawei is participating in EGYPS for the third consecutive year through showcasing its latest solutions and the best practices and strategies in oil and gas sector.

The Chinese giant has applied its solutions across more than 45 oil and gas producer countries. It serves 70 percent of  oil and gas companies globally in compliance with the global sustainable development agenda 2030.

During the show, Egypt signed five exploration agreements with local and foreign companies to excavate oil and gas in Egypt’s western desert and the Mediterranean sea with total investments estimated at $40 million.

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