Parliament Approves EGAS, Cheiron Mediterranean Agreement

• Sunday, 19th July 2026
• by Fatma Ahmed

The Energy and Environment Committee of Egypt’s House of Representatives, chaired by Tarek El Molla, has approved a government-drafted law authorizing the Minister of Petroleum and Mineral Resources to conclude ...

Egypt Approves $52.97 Mn Exploration Agreements for Mediterranean, Nile Delta

• Thursday, 4th June 2026
• by Samar Samir

The Egyptian Cabinet approved four draft petroleum agreements that cover drilling of at least six wells, and have a minimum investment value of $52.97 million, Prime Minister Moustafa Madbouly announced during the cab...

Banking Consortium to Finance Part of Cheiron’s Investment Cost at West Burullus

• Sunday, 9th February 2025
• by Sarah Samir

A banking alliance led by Banque du Caire, in partnership with Arab International Bank (AIB), Al Baraka Bank Egypt, and SAIBANK, has successfully arranged and covered syndicated financing of $75 million for Cheiron Eg...