Capital | Egypt Oil & Gas

GASCO’s GA Approves Authorized Paid-up Capital Increase

The company's general assembly approved an increase in the authorized, issued and paid-up capital, and amending Article 3 of the company's bylaws to add activities related to hydrogen, and the separation and trans ...

ExxonMobil Announces $7.9B of Earnings in Q2 2023

ExxonMobil Corporation announced achieving earnings of $7.9 billion in Q2 2023. Meanwhile, the company’s exploration expenditures and capital recorded $6.2 billion during Q2 and $12.5 billion for the first half of ...

Shell to Write Off Up to $5B After Exiting Russia

Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.

Kuwait Sets $155 Billion Capital for Five Year Development Plan

The Kuwaiti government has set capital spending in the five-year development plan starting in April at KD 45.5 billion ($155 billion), a majority of which will be spent on projects and development of human resources, ...

Citadel Capital Portfolio Company Divests Offshore Gulf of Suez Asset

Citadel Capital, the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in investments under control, confirmed portfolio company National Petroleum Company Egypt Ltd. (NPC Egypt) has dive ...

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