Cabinet officials

Egyptian Oil and Gas Sector Seeks Digital Transformation Partnership with Nokia

Strategic Insights

Oct 30, 2022 — 1 min read

Egypt's Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with Ambassador Pekka Kosonen, Finnish ambassador to Cairo, and officials from the global Nokia company to discuss potential cooperation in digital transformation for the oil and gas industry. The meeting aimed to explore opportunities for Nokia to contribute to the ministry's digital transformation strategy, which has been in place since 2016. The strategy has yielded significant results, with efficient cooperation between the ministry and international technology companies. El Molla emphasized the importance of expanding digital transformation partnerships with leading global companies, citing the oil and gas sector's vast capabilities to absorb various digital systems and applications.

Key Takeaways:

Egypt's oil and gas sector has been implementing a digital transformation strategy since 2016, focusing on cooperation with international technology companies.
The ministry aims to expand digital transformation partnerships with leading global companies, such as Nokia.
The oil and gas sector in Egypt has the capacity to absorb various digital systems and applications, given its large volume of activities and projects.
Nokia offers significant contributions to the digitization of the oil and gas industry, including flexible and developed systems and solutions.
The petroleum sector is interested in starting cooperation with Nokia, particularly in the development of systems already applied in the sector.

Statistics:

2016: The year the Egyptian oil and gas sector began implementing its digital transformation strategy.
Nokia: The leading global company involved in discussions with the Egyptian oil and gas sector for potential digital transformation partnership.
100%: The flexibility and development of Nokia's systems and solutions praised by the petroleum sector.
$ multi-billion: The estimated value of the oil and gas sector's capabilities to absorb various digital systems and applications.

Sources:

Al Bawaba (Albawaba.com)
SyndiGate Media Inc. ( Syndigate.info )

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