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In the oil & gas sector, being ready means creating easy access to companies and the business sector and assessing the trends in the market
A net importer of crude oil, Egypt imports around 170,000 barrels of oil a day. New petrol subsidy reforms introduced in mid-2014 have also seen the reduction of a EGP 100 billion subsidization spent on petrol each year, by 35%. During the previous fiscal year (FY) 2014/2015, the oil and gas demand increased by 0.5m tons to a total of 73m tons; the share of demanded oil was 38m tons, of which 36% was fuel oil, 36% was gas oil, 16% gasoline, and 11% LPG. Demanded gas was approximately 35m tons, of which 62% went to power generation, 23% went to the industrial sector, 10% was for petrochemicals and NGL. Only 4% was allocated to residential and commercials units. Despite the challenges the sector has faced over the last few years government estimations are that the industry will grow by 22% over the next 5 years. We work closely with businesses in the oil and gas sector to understand how we can help businesses like yours identify and capitalize on energy opportunities in the sector. Our solutions will enable you to invest smartly and maximize efficiency so that you can develop your business in the areas that need it most.
With the rise in demand for energy and the influx of new renewable energy sources like solar, water and wind energy, competition is becoming even more competitive than before. The need to provide quality at competitive prices has become essential and the ability to provide quick access to oil and gas is paramount if you want to stay ahead of the game. When producing goods, it’s essential that every link in the supply chain works efficiently and effectively. You need to be confident that you’ve considered all areas of potential operational efficiency so that you can deliver when others can’t.
Oil and gas is one of Egypt’s key business sectors, and will continue to grow. Supporting everything from the production line, quality control to products delivery and consumption, automation can help you better deploy your workforce and grow your product value.
In a globalized world and in a sector where local, regional and international players are shaping the market, business access means being able to engage with clients on multiple platforms. The proliferation of smartphones and tablets is overtaking consumption, bringing with it opportunities for new kinds of content. We help you overcome the challenges of multi-platform management in an easy user-friendly way.
The rapid growth in technology has led to a shift from selling products and services to selling ‘outcomes’ – enriched products that include services which can enhance how usage, brand loyalty and perceptions are created. The right management can create new business markets both locally and abroad helping those in Egypt establish themselves on the international oil and gas platform.
With the implementation of newer technologies, it’s vital to have access to the right STEM (science, technology, engineering and mathematics) skills in your business. Your working environment – both physical and cultural – will greatly influence how you acquire and grow skilled resources through apprenticeships, external recruitment and internal development.