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Chairman’s Letter
Tharwa is committed to business, social and environmental sustainability and protection. Profitability and creating value for our shareholders will always remain on top of our agenda and we intend to make a positive contribution to the community in which we operate.

Tharwa continued to carry out its duties as a leading national E&P investment company, and started to deliver its first gas production to the local gas network on January 28th 2009, with an average daily production rate of 100 million cubic feet from Thekah concession.

Tharwa determined for further align our engine and momentum to acquire development opportunities either inside or outside Egypt to strengthen the company portfolio.

In the field of petroleum services, Tharwa’s affiliates are tracking a constant growing and success.

Further on, Gratitude and thanks should be presented to our shareholders for their confidence and usual support, Therefore I would like to ensure that Tharwa is committed to exert more effort and continue upsurge its portfolio.

We fully anticipate our continuing efforts to lead to further and greater success.

Eng. Raafat El Beltagy
Chairman of the board and managing director
Tharwa Petroleum Company.
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