News / Egypt
$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.
Dana Gas Affirms Commitment to Egypt at March Summit
Dana Gas will invest $350 million (Dh1.28 billion) in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the company’s chief executive said on Saturday.
Egypt’s Ganoub El Wadi Announces Extension of Bid Round Until May
Ganoub El Wadi Petroleum Holding Company (Ganope) announces an extension for the deadline to submit proposals to compete in its 2014 International Bid Round to explore for oil and gas.
Solar Energy Firm Terra Sola to Invest $3.5 Billion in Egyptian Projects
Leading solar power project developers are flocking to Egypt’s solar power market, which is set for a massive expansion.
