Egypt-China joint venture produces 1st oil rig

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egypt-China joint venture produces 1st oil rig

STORY: Egypt-China joint venture produces 1st oil rig DATELINE: July 13, 2023 LENGTH: 00:00:58 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various shots of the Ministry of Petroleum and Mineral Resourcesvarious of the inauguration STORYLINE: Egypt on Wednesday unveiled its first locally-produced oil rig in Ain Sokhna port in northeastern Egypt. The 2,000-horsepower automatic trailer-mounted onshore oil drilling rig was manufactured by an Egypt-China joint venture. Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla said that manufacturing diggers locally is a new and important step that enables the petroleum sector to make optimal use of its capabilities and accelerate its plans to drill wells to increase the oil production and gas resources, amid growing demand for oil. El-Mulla stressed that the digger is a model of fruitful economic cooperation between Egypt and China and a successful example of transferring manufacturing technology from China to Egypt. Meanwhile, Zhang Chaoyang, min

  • Product Code
  • ILEA001522666
  • Registered date
  • 2023/7/13 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 59.45(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Egypt, Ecuador discuss cooperation in oil, gas sector

    STORY: Egypt, Ecuador discuss cooperation in oil, gas sector SHOOTING TIME: April 1, 2024 DATELINE: April 2, 2024 LENGTH: 00:00:49 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting STORYLINE: Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla met with the Ecuadorian Ambassador to Egypt Denis Toscano Amores on Monday to discuss the cooperation between the two countries in oil and gas sector. During the meeting, El-Molla stressed that the opportunities for joint cooperation between the two countries are promising, especially in the field of oil and gas. For his part, the Ecuadorian ambassador affirmed his country's aspiration to cooperate with Egypt in various fields of petroleum, noting the desire of several oil companies from Ecuador to come to Egypt and review the investment opportunities available in the field of oil and gas. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

      Egypt raises fuel prices amid economic reform, transportation cost surge

      STORY: Egypt raises fuel prices amid economic reform, transportation cost surge SHOOTING TIME: Archive DATELINE: March 23, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Petroleum 2. various of fuel stations in Cairo STORYLINE: Egypt announced on Friday it would raise the prices of fuel due to the impact of exchange rate liberalization on the economy and rising transportation costs of petroleum products. The Ministry of Petroleum and Mineral Resources said in a statement that gasoline prices would rise by one Egyptian pound (about 2 U.S. cents) per liter, bringing the price of 80-octane gasoline to 11 pounds, 92-octane gasoline to 12.5 pounds, and 95-octane gasoline to 13.5 pounds. The ministry attributed the price hike to exchange rate liberalization and the rising transportation costs of petroleum products, exacerbated by tensions in the Red Sea. Additionally, diesel prices rose to 10 pounds per liter from 8.25 pounds, and the price of the 12.5

        Developing countries can draw from China's development experience: Egyptian observer

        STORY: GLOBALink | Developing countries can draw from China's development experience: Egyptian observer SHOOTING TIME: March 7, 2024 DATELINE: March 14, 2024 LENGTH: 00:02:00 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of street views of Cairo 2. SOUNDBITE (Arabic): TAREK EL-SONOTY, Deputy editor-in-chief of Egypt's state-run Al-Ahram newspaper 3. various of street views of Shanghai 4. various of overseas projects constructed by Chinese companies STORYLINE: SOUNDBITE (Arabic): TAREK EL-SONOTY, Deputy editor-in-chief of Egypt's state-run Al-Ahram newspaper "Over the past ten years, China and its economy have witnessed an economic boom. These achievements did not come out of nowhere; instead, they resulted from the important economic policies of the Communist Party of China, along with the cooperation and positive response of Chinese citizens toward those policies. These economic policies have also succeeded in raising the standard of living for Chinese citizens and eliminating extreme poverty. M

          Egypt hosts int'l conference to discuss energy transition

          STORY: Egypt hosts int'l conference to discuss energy transition SHOOTING TIME: Feb. 19, 2024 DATELINE: Feb. 20, 2024 LENGTH: 00:00:39 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of the conference STORYLINE: An international energy conference kicked off in Egypt on Monday to discuss the challenges and opportunities of the energy transition. The Egypt Energy Show (EGYPES 2024), which runs from Feb. 19-21, is themed "Driving Energy Transition, Security, and Decarbonization" and aims to showcase the latest technologies and innovations in the oil, gas and energy sectors. Egyptian President Abdel-Fattah al-Sisi welcomed the hundreds of experts and officials who participated in the conference and said the event eyes technology with high costs and investments. Egypt's Petroleum Minister Tarek El-Molla said the conference was held at a time when the world was facing serious climate change threats that endangered the future of sustainable development. He stressed Egypt's commitment to the

            Trade, economic cooperation with China boosts Egyptian economy: Egyptian ministers

            STORY: Trade, economic cooperation with China boosts Egyptian economy: Egyptian ministers SHOOTING TIME: Feb. 17, 2024 DATELINE: Feb. 20, 2024 LENGTH: 00:01:24 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt 2. various of the 10th Akhbar El Youm economic conference 3. SOUNDBITE 1 (Arabic): MOHAMED MAAIT, Egyptian Finance Minister 4. SOUNDBITE 2 (Arabic): MAHMOUD ESMAT, Egyptian Minister of Public Business Sector 5. various of the conference STORYLINE: Egyptian ministers said Saturday that economic and trade cooperation with China greatly supports the Egyptian economy despite all the economic challenges facing the Arab country. Egyptian finance minister and minister of public business sector received the interviews with Xinhua on the sidelines of the 10th Akhbar El Youm economic conference in the Egyptian capital Cairo. SOUNDBITE 1 (Arabic): MOHAMED MAAIT, Egyptian Finance Minister "We are partners with China on many projects, and it (China) is Egypt's largest trading partner, in addition

              Egypt, Bulgaria sign defense, energy MoUs

              STORY: Egypt, Bulgaria sign defense, energy MoUs SHOOTING TIME: Feb. 10, 2024 DATELINE: Feb. 11, 2024 LENGTH: 00:01:22 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of a joint press conference at Egyptian Foreign Ministry 2. various of expanded talks by both the Egyptian and Bulgarian delegations 3. various of building of Egypt's Ministry of Petroleum and Mineral Resources 4. various of the meeting between Egypt's Minister of Petroleum and Mineral Resources and Bulgarian Minister of Energy (courtesy of Egypt's Ministry of Petroleum and Mineral Resources) STORYLINE: Egyptian and Bulgarian officials on Saturday signed memorandums of understanding (MoUs) for cooperation in the fields of defense and natural gas, according to a joint statement released by the Egyptian Foreign Ministry. The MoUs were signed during the first meeting of the joint cooperation committee between the two countries, co-chaired by Egyptian Foreign Minister Sameh Shoukry and Bulgarian Deputy Prime Minister and Foreign Minister

                Egypt's petroleum sector signs MOUs with Huawei

                STORY: Egypt's petroleum sector signs MOUs with Huawei SHOOTING TIME: Nov. 8, 2023 DATELINE: Nov. 9, 2023 LENGTH: 0:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Petroleum & Mineral Resources 2. various of the oil fields STORYLINE: Three cooperation agreements and memorandums of understanding were signed between the petroleum sector and Huawei Technologies Egypt. The Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla, and president of Huawei International for the North Africa Region witnessed the signing on Wednesday. The agreements support the training of cadres of the Young and Medium Leadership Program in the oil and gas sector, in addition to the use of Solar power in operating wellheads in oil fields. The first agreements aim to launch cooperation between the ministry and the company to implement on-the-job training programs and develop the skills of human cadres selected through the Young and Medium Leadership Qualification Program in the

                  Egypt raises petrol prices, keeps diesel unchanged

                  STORY: Egypt raises petrol prices, keeps diesel unchanged SHOOTING TIME: File DATELINE: Nov. 4, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Ministry of Petroleum (file) 2. Shots of fuel stations (file) STORYLINE: Egypt raised domestic petrol prices on Friday while keeping the diesel price unchanged, according to the country's Ministry of Petroleum and Mineral Resources. Prices of 80-octane, 92-octane, and 95-octane petrol per liter were raised from 8.75 Egyptian pounds (28 U.S. cents), 10.25 pounds, and 11.5 pounds to 10 pounds, 11.5 pounds, and 12.5 pounds, respectively. The diesel price remained unchanged at 8.25 pounds per liter. "Stabilizing the diesel price is important to preserving public interest because of its impact on transport costs and commodity prices," the ministry said. This is Egypt's second time of fuel price adjustment this year. Early in May, the country raised its diesel price by one pound to 8.25 pounds per liter while keeping gasoline prices u

                    Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta

                    STORY: Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta DATELINE: Sept. 27, 2023 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. the press conference 2. various of natural gas wells STORYLINE: Egyptian Natural Gas Holding (EGAS) announced on Tuesday that it awarded 4 exploration contracts in the Mediterranean and Nile Delta to foreign companies, with minimum investments of 281 million U.S. dollars and 7.5 million dollars in signing grants. According to the state-owned newspaper Al Ahram, two exploration contracts in the Mediterranean were awarded to the Italian energy company Eni, and one contract was awarded to a consortium of Enit, British Petroleum (BP), and Qatar Energy. Russian state-owned energy company Zarubezhneft was awarded a contract in the Nile Delta. The 4 contracts were part of a tender closed in July 2023 on Egypt Upstream Gateway (EUG), which was launched in 2020. The platform promotes Egypt's oil and gas industry by providing easy digital access to

                      AIIB keen to enhance investments in Egypt's infrastructure: finance minister

                      STORY: AIIB keen to enhance investments in Egypt's infrastructure: finance minister DATELINE: Sept. 11, 2023 LENGTH: 00:00:56 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of Egypt's Finance Ministry in Cairo 2. various of Egypt's Finance Minister Mohamed Maait speaking 2. various of goods at port STORYLINE: Egyptian Finance Minister Mohamed Maait said Saturday that the Asian Infrastructure Investment Bank (AIIB) is keen to enhance investments in Egypt's infrastructure, especially in partnership with the private sector. Maait made the marks during a seminar organized in Cairo by Egypt's Supreme Council for Media Regulation, according to a statement of the council. The minister, who is also Egypt's governor at the AIIB, said that Egypt joined the AIIB as a founding member in 2016 and revealed that the bank's investment portfolio in Egypt amounted to 1.3 billion U.S. dollars. Regarding the upcoming AIIB's annual meeting, which will be held on Sept. 25-26 in Egypt's Sharm El