Eissawi to head ELNG

28 March 2002

Petroleum Minister Sameh Fahmy has appointed one of the country's top oil and gas executives as chairman of Egyptian LNG (ELNG), the company that is carrying out a major gas export scheme in Idku. The man selected for the task is Ibrahim Eissawi, who was previously chairman and managing director of Belayim Petroleum Company (Petrobel). Eissawi has been assigned to the ELNG post as vice-president of Egyptian Natural Gas Holding Company (Egas).

ELNG is a company under formation. Its founder shareholders are BG Groupof the UK , Edison Internationalof Italy, the Egyptian General Petroleum Corporation (EGPC), Egas and Gaz de France (GdF). Its managing director is John Earl. The company is pressing ahead with the first liquefied natural gas (LNG) train at the Idku complex, following the January agreement of GdF to purchase its entire output over 20 years (MEED 1:2:02, Cover Story).

The new head of Petrobel is Hassan Aql, who was previously a vice-president at EGPC. Petrobel is a joint venture between EGPC and International Egyptian Oil Company- the local affiliate of Italy's Agip, and the largest producer of hydrocarbons in Egypt.

Fahmy has also appointed Khaled Sami to be the new head of Petrojet, EGPC's contracting affiliate. Sami, previously head of the Petroleum Pipelines Company, replaces Moustafa Shaarawi, who was recently made chairman of the Egyptian Petrochemicals Holding Company.

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