News / Egypt
Egypt’s EGPC to Invest for First Time Outside Country in Iraq/Kuwait Deal
Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company's first foray into upstream work outside of Egypt, the Egyptian oil minister said on Sunday.
Chile’s ENAP to Build 90 Km Pipeline in Egypt’s Western Desert
A subsidiary of Chile's state owned oil company ENAP plans to spend $30 million to build a 90 km oil pipeline in the Western Desert, the country's ambassador announced on the recent economic summit in Sharm El Sheikh.
GE Delivers 34 Gas Turbines to Egypt
General Electric said in a statement on Friday it had delivered 34 gas turbines to Egypt out of a planned 46 turbines total as part of a project to provide 2.6 gigawatts of power to the grid by May 2015.
$21 Billion Worth of Oil Deals Signed by Egypt
Egypt signed two oil and gas deals worth a total of $17 billion Saturday on the sidelines of the economic conference, and another $4 billion deal is scheduled to be signed Sunday.
Gulf Energy Firms Pledge Renewable Gigawatts at March Summit
Leading Gulf-based energy firms Masdar and Acwa Power has signed Memorandums of Understanding (MoU) with the Egyptian Electricity Holding Company to develop up to 4 Gigawatts of renewable and natural gas power generation projects in Egypt.
BP to Invest $12 Billion in Egypt
British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.
EGAS Signs MoU for Cyprus Pipeline
The Egyptian Natural Gas Holding Company (EGAS) signed a Memorandum of Understanding (MoU) with Cyprus Hydrocarbons Company (CHC) in the fields of petroleum and natural gas.
Eni Signs $5 Billion Agreement for Oil and Gas Development in Egypt
The Egyptian Minister of Petroleum and Mineral Resources Sherif Ismail and Eni's CEO Claudio Descalzi signed Saturday a Head of Agreement, aiming at the development of the oil and gas resources of the Country while preserving the return of Eni's investments.
