Net FDI in the Oil Sector Rises 135%
Net foreign direct investment (FDI) in the oil sector rose by 135% in fiscal year (FY) 2016/2017, according to the Central Bank of Egypt (CBE).
Egypt | Egypt Oil & Gas - Part 334
IEA Raises Projections for Oil Demand
The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.
Siemens’ Power Plants in Egypt are 90% Complete
Siemens has completed 90% of its three electricity-generating power plants in Egypt.
Petrojet Completes Offshore Facilities for Zohr
Petrojet completed its manufacturing and loading of offshore facilities for the deepwater Zohr field.
DEA Names New CEO
DEA Deutsche Erdoel AG named Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board.
ADES Group Appoints New CFO
Advanced Energy Systems (ADES Group) has appointed Ahmed El Khatib to be its new Chief Financial Officer (CFO).
Egyptian Petrochemicals Company’s Production Value Reaches EGP 1.7B
Egyptian Petrochemicals Company announced that its production value reached EGP 1.7 billion during fiscal year (FY) 2016/2017.
APRC Refines 3.6M tons of Crude Oil
The Amreya Petroleum Refining Company (APRC) announced that it refined 3.6 million tons of crude oil for fiscal year (FY) 2016/2017.
SDX Raises $10M, Plans Projects in South Disouq Concession
SDX Energy announced that it raised $10 million to boost the company’s exploration of its South Disouq Concession in Egypt and fund its development programs in Morocco.
