APICORP

  • APPO Approves Egypt’s Suggestion for Promoting African Petroleum Industry 

    APPO Approves Egypt’s Suggestion for Promoting African Petroleum Industry 

    Tuesday, 16th June 2020

    The African Petroleum Producers Organization (APPO) will establish a task force to strengthen the cooperation between APPO’s member states and promote the African petroleum industry with its available potential and expertise. The decision was made upon the Miniter of Petroleum and Mineral Resources Tarek El Molla's suggestion to establish the said task force.

  • APICORP to Increase Callable Capital to $8.5 B

    APICORP to Increase Callable Capital to $8.5 B

    Tuesday, 21st April 2020

    Development bank Arab Petroleum Investments Corporation (APICORP) has announced the ratification for an increase in callable capital from $1 billion to $8.5 billion.

  • APICORP Posts Net Income of $112 Million 

    APICORP Posts Net Income of $112 Million 

    Wednesday, 15th April 2020

    The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, reported a 17% year on year increase in income to $112 million in 2019, up from $96 million the previous year.

  • Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023

    Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023

    Sunday, 12th January 2020

    According to the Gas Investments Outlook 2019-2023 released by the Arab Petroleum Investment Corporation (Apicorp), petrochemical investments in the Middle East and North Africa (MENA) region are expected to drop by $70 billion over the upcoming five years.

  • APICORP to Loan $250 M to Sonatrach

    APICORP to Loan $250 M to Sonatrach

    Wednesday, 25th December 2019

    APICORP will loan Algeria’s Sonatrach a US$250 million worth of facilities.

  • ECHEM, Methanex Egypt Host PSM Conference

    ECHEM, Methanex Egypt Host PSM Conference

    Monday, 9th September 2019

    Methanex in Egypt, in partnership with the Egyptian Petrochemicals Holding Company (ECHEM), held the Second Annual Process Safety Management (PSM) Conference, titled: Modernizing Process Safety Management: Sharing the Vision.

  • APICORP Profits Rise 30% in H1

    APICORP Profits Rise 30% in H1

    Wednesday, 4th September 2019

    The Arab Petroleum Investments Corporation (APICORP) announced achieving a 10% increase in net profits during H1 2019.

  • SUPSC, Apicorp Sign Methanol Project Contract

    SUPSC, Apicorp Sign Methanol Project Contract

    Tuesday, 16th October 2018

    Suez Petroleum Services Company (SUPSC) has signed a memorandum with Arab Petroleum Investments Corporation (Apicorp) for funding a methanol derivatives project.

  • APICORP Forecasts $950B in MENA Energy Investments

    APICORP Forecasts $950B in MENA Energy Investments

    Wednesday, 21st March 2018

    The Arab Petroleum Investments Corporation has predicted that almost $950 billion will be invested into MENA energy projects over the next five years.

  • MENA Energy Investments Could Reach $1t by 2021

    MENA Energy Investments Could Reach $1t by 2021

    Tuesday, 21st March 2017
    Energy and power projects totaling $622b in MENA and Iran could materialize by 2021 depending on oil prices, creditworthiness of countries and geopolitics. Fully committed projects worth as much as $337b are already ongoing.