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SinoTharwa is a high level cooperative project that took place between China and Egypt forming SinoTharwa Drilling Company as a petroleum services company. The company was established in September 2005 as a joint venture between Tharwa Petroleum Company and Chinese Sinopec Star Petroleum Company, a limited liability company that started with US$ 18 million capital divided equally. In 2007, the company capital was raised to US$ 40 million and the Egyptian Natural Gas Holding Company (EGAS) Contributed into the joint venture. By the end of 2008, the company capital reached US$ 80 million distributed among Tharwa 30.6%, EGAS 19.4% and...
Drilling,onshore,offshore,scr drilling rig,vfd drilling rig,and land rig
Sinotharwa drilling company operates in the Oil and gas industry.
Sinotharwa drilling company's revenue is 101m - 500m
Sinotharwa drilling company has 1001 - 5000 employees.
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