Egypt | Egypt Oil & Gas - Part 429
Riyadh, Cairo to Create Joint Investment Fund of $16b
Riyadh and Cairo inked a memorandum of understanding (MoU) for the establishment of a joint investment fund, with a capital of $16b, to be created between Saudi Public Investment Fund and its entities, and the Egypti ...
Egypt, Saudi Aramco Ink Petroleum Deal for Five Years
Egypt has signed a deal with Saudi Aramco stipulating that the Saudi company would supply the country with petroleum products for five years, the Egyptian Ministry of Petroleum said in a statement.
Korean KEPCO Eyes New Nuclear Power Plants Deals in MENA
Korea Electric Power Corp. (KEPCO) wants to gain more contracts to build nuclear power plants in the Middle East to facilitate its goal of becoming one of the world's top nuclear power operators.
UK’s New Perspective to Supply Egypt with Styrene
The Egyptian Styrene & Polystyrene Production Co. (E-Styrenics) and the UK-based New Perspective have signed a one-year renewable agreement for the supply of raw styrene for industrial purposes, Egypt Oil & Gas reported.
Egypt Signs Five-Year Oil Deal With Riyadh
Egypt signed an agreement with Saudi Arabia, under which the North African nation will meet its needs of oil products for five years, according to the Egyptian International Cooperation Ministry.
Eni Plans $14b in Cost Cuts, Asset Sales
Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambiq ...
Egypt to Take Part in Oil and Gas Projects with Iraq
The Ministry of Petroleum seeks to expand its foreign activities through oil and gas production in Iraq.
Egypt to Get $3b Financial Package from South Korea
South Korea will provide Egypt with a financial package worth $3b for export credits and to develop infrastructure in the energy, water resources, and transport sectors, the Egyptian presidency announced.
