Egyptian Natural Gas Holding Company (EGAS) has been awarded first place in the OAPEC Scientific Award 2022 during the 113th Ministerial Meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), held recently. The winning research focuses on “Decarbonization Technologies in the Petroleum Industry and the Circular Carbon Economy.”
Titled Decarbonization and Circular Carbon Economy in the Oil and Gas Field: Implications for OAPEC Countries, the research provides an in-depth analysis of decarbonization strategies and emission reduction technologies within the oil and gas sector. The study highlights the importance of the circular carbon economy, a concept designed to manage carbon emissions through reduction, reuse, recycling, and removal, to address the growing concerns of climate change.
The research is particularly timely, as it aligns with global efforts to achieve carbon neutrality by 2050. It offers a comprehensive overview of carbon emission rates, detailing their sources across various stages of oil and gas production and manufacturing. By examining these emissions, the research provides a roadmap for OAPEC countries to enhance their energy industries while minimizing their environmental impact.
The OAPEC Scientific Award serves as a testament to the organization’s commitment to advancing scientific research in the petroleum and energy sectors. It encourages innovation and promotes solutions that contribute to the sustainable development of the oil and gas industries in the Arab world.
With this recognition, EGAS underscores its leadership in the energy sector and its ongoing efforts to support the transition to a more sustainable, low-carbon future.
