Fifteen years ago fracking, or hydraulic fracturing, irrevocably changed the global oil and gas sector. Today, technology developed in the wake of that transformation could be a catalyst to solve a major environmental problem around Middle Eastern oil production.
Tarek El Barkatawy, CEO of Egypt’s Tanmia Petroleum Company, is the man spearheading the introduction of small-scale, mobile, natural gas processing units to the Middle East.
He wants to stop oil companies ‘flaring’, or burning off excess gas from oil fields and believes that if Tanmia can prove its efficacy in Egypt, the technology could take off in the rest of the Middle East and in Africa.
“It’s not only just for the sake of helping humanity, which is great of course, but also from an economical stand point you can get some benefit,” he told Wamda. “If we can avail a technology which is field-proven… if people can see it being applicable in a country which is really looking into every single penny, like Egypt, I think it will be generalized [throughout the region].”
El-Barkatawy thinks it’s a revolutionary idea, but first he’s got to convince Egypt’s oil and gas players to see the problem, as well as the opportunity he’s presenting to fix it.
Original article by Rachel Williamson
Continue reading at Wamda:
Meet the Egyptian startup working to green the Middle East’s oil industry
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