Indian petrochemical giant Sanmar plans to invest $350m in the expansion of its Egypt plant Trust Chemical Industries (TCI) in Port Said, raising its total investment in the country to $1.45bn.
Sherif Ismail, Minister of Petroleum and Mineral Resources for Egypt, emphasized the importance of supporting Egyptian-Arab cooperation in various areas of the oil industry in light of the economic need for such proj ...
State-run Abu Dhabi National Oil Company (ADNOC) will start monthly deliveries of $400m of petroleum products to Egypt from next week until the end of October.
Egyptian Electricity Transmission Company (EETC) signed on Thursday a deal to establish a transformer station worth 210.8 million pounds (US$27.6 million) in the Suez Canal region.
Dana Gas is on track to produce 40 million cubic feet of gas from the Zora field in Sharjah and ramp up production in Egypt this year, the company’s chief executive said.
Egypt’s state-owned Petrojet has been awarded a $185m contract to build the first gas-processing plant for Iraq’s Siba oilfield, operated by Kuwait Energy, reported Amwal al Ghad.