Misr Company for Oil Industries MOPCO Suez plans to carry out a new project to produce aromatic fertilizer and petrochemical products in Ain Sukhnan at a total cost of $2bn.
Egypt signed on Thursday a deal with Norwegian seismic surveyor PGS company to carry out the largest seismic exploration project in Egypt's territorial waters in the Mediterranean Sea
Qalaa Holdings, one of Egypt's largest investment firms, said on Tuesday it had signed agreements with Financial Holdings International (FIH) to buy some of FIH's subsidiaries.
Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.
The Egyptian government is currently involved in negotiations with Emirates to sign a new agreement to secure the needs of local market of petroleum derivatives during the second half of the current year
The value of petroleum derivatives imports reached U$700mn in the current June, according to an official at the Egyptian General Petroleum Corporation (EGPC).