energy investment | Egypt Oil & Gas

Velox-1X Shows Promising Oil Discovery in Western Mediterranean

Drilling at the offshore Velox-1X exploration well in the North Cleopatra Block confirmed there is an active petroleum system and crude oil reserves in the area. These findings

MoPMR, Quantum Capital Group Discuss Investment Opportunities

Karim Badawi, Minister of Petroleum and Mineral Resources, met with representatives from Quantum Capital Group, a U.S. energy investment firm. The delegation included Charles Davidson, Partner, and Patrick Hughes, ...

CocoPhilips Acquires 42% Stake in bp Energy Kirkuk

ConocoPhillips announced it has agreed to acquire a 42% stake in bp Energy Company of Kirkuk Limited (bp ECKL), a subsidiary of British Petroleum (bp), supporting the redevelopment of four oil-producing fields in ...

Badawi Briefs Madbouly on Outcomes of US, Russia, Jordan Visits

Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Karim Badawi to review key ministry files, including recent international engagements, investment developments, and plans to boo ...

Saudi Arabia, India Seek Boosting Energy Cooperation

Saudi Arabia and India have vowed to substantially boost investments and their trade ties as Prime Minister Narendra Modi invited cash-rich Saudi firms to invest in infrastructure and form joint ventures for oil expl ...

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