Shell has sustained its investments in Egypt through the past period, and is currently in early stages of evaluating WDDM results for future exploration prospects.
Egypt agreed with Russia to sign the final contract for the nuclear power plant Al Dabaa by the end of 2016. Moscow will grant Cairo a $25b loan to finance equipment for construction and operation of the plant.
Egypt's natural gas production has decreased from 4.4bcf/d to 4.35bcf/d in October due to deficient speed of connecting new wells to the national grid to compensate for natural gas production ratio decline.
The Egyptian Ministry of Petroleum and Mineral Resources presented eight oil and petrochemical companies to the Ministry of Investment and ICapital National Investment Bank to study the launch of an initial public of ...