Business & Economics :: Latest News
March 10, 2008
Invensys signs Egyptian JV
Invensys Process Systems (London; www.invensys.com) have joined ENPPI and GASCO in a joint venture (JV) to create Invensys Process System Egypt the first, “Industrial Automation Engineering Center of
Excellence” in the country. This new company will play a significant role in the modernization of the Egyptian petroleum industry will help increase refinery utilization, maximize productivity and minimize maintenance costs, says Invensys.
The deal, which was concluded this week by Egyptian Oil Minister, Eng. Sameh Fahmy and Ulf Henriksson CEO of Invensys plc will facilitate a significant increase in the technical knowledge of Egyptian engineers. The sharing of Invensys Process Systems' expertise both with existing engineers and Egypt's new engineering graduates is designed to generate a deeper understanding of process control in the oil-and-gas sector.