The Ministry of Military Production (MMP) has further extended its oil and gas sector interests with a new deal that shows how the military’s business arms intend to cooperate with international investors. A cooperation protocol was agreed in late October between Italian-Egyptian wellhead production company Tharwa Breda Petroleum Service Company (TBPSCo) and the National Authority for Military Production (NAMP). TBPSCo is 50% owned by Italy’s Breda Energia, with the other half of its equity held by a group of Egyptian state-owned institutions.
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