Director of the Egyptian Petroleum Research Institute (EPRI) Ahmed Al Sabagh said Friday revenues of EPRI's service projects hit EGP 155 million within six months.
"We expect the revenues to hit EGP 233 million by the end of 2015/2016 fiscal year, Sabagh added during a meeting of EPRI's Board of Directors.
Minister of Higher Education and Scientific Research Ashraf al Shehhi and Minister of Petroleum and Mineral Resources
Tariq Al Mulla took part in the meeting.
Shehhi praised the institute's efforts in applying researches to be useful to the petroleum sector and the community.
Al Mulla underlined the need for maximizing the use of EPRI as the main research tool of the oil sector