Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in Egypt (Egyptian Patent Application No. PCT/NA/122/2006). This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years.

According to the Oil and Gas Journal and the U.S. Department of Energy, Egypt’s proven oil reserves currently hold about 4 billion barrels. Egypt also has the largest refining sector on the African continent with nine refineries that have a combined crude oil processing capacity of 726,000 bbl/d.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Egypt stated, “International Oil Companies (IOCs), such as ENI, BP, Petronas, KUFPEC and others play a significant