Petroleum FDIs Record Net Outflow of $857.5M in H1 2022/23
Foreign direct investments (FDIs) in the petroleum sector recorded a decline in net outflow by $277.9 million, to be $857.5 million during the first half of fiscal year (FY) 2022/23.
News / Egypt
El Molla Approves New Appointments for Key Positions within the Petroleum Sector
Minister of Petroleum and Mineral Resources Tarek El Molla has approved new appointments for key positions within the petroleum sector.
PM Approves Six New Draft Laws for Petroleum Agreements
Prime Minister Mostafa Madbouly has approved new six law drafts to authorize the Minister of Petroleum and Mining Resources Tarek El Molla for petroleum agreements between the Egyptian General Petroleum Corporation (EGPC), Egyptian Natural Gas Holding Company (EGAS), and a number of international oil companies (IOCs).
Madbouly, Apache VP Review Investments, Future Plans in Egypt
Prime Minister Mostafa Madbouly met with David Chi, Vice President of Apache Corporation and Country Manager for Apache in Egypt, to review the company’s investments and future plans in Egypt.
SDX Energy, Aleph New Energies Sign MoU on Alternative Energy Projects
SDX Energy has announced that it has signed a memorandum of understanding (MoU) with Aleph New Energies to explore and develop projects in the alternative energy sector.
Fitch Solutions: Egyptian Petrochemical Sector Exports Grew 45% in 2021
Fitch solutions announced that the Egyptian petrochemical, chemical, and cements industry exports has grown by 45% reaching to $ 6.7 billion by 2021 driven by natural gas growth and high prices.
Egypt Excels As a Key LNG Exporter to the EU: World Bank Report
The LNG has been transported through pipelines from both Azerbaijan and Norway, and of these countries, only Egypt, the United States, and Angola have made significant progress in converting the gas associated with oil extraction into natural gas exports rather than flaring.
Egypt Completes Installation of Towers, Equipment in ANRPC Methanator Unit
The Ministry of Petroleum and Mineral Resources (MoPMR) announced that the installation work of towers and equipment in the Alexandria Refining and Petrochemical Company's (ANRPC) methanator unit project is now complete.
