foreign direct investment | Egypt Oil & Gas

Oil Trade Balance Achieves Surplus of $4.4B in FY 2021/22

The Central Bank of Egypt (CBE) announced that the oil trade balance achieved a surplus of $4.4 billion during fiscal year (FY) 2021/22, compared to a deficit of $6.7 million during FY 2020/21.

BP to Invest $1.8B in Egypt

BP will spend $1.8 billion in Egypt next year, according to BP’s chief executive Bob Dudley.

Eni to Invest $5B in Zohr Gas Processing Plant

Eni has estimated that it will invest $5 billion to construct a gas processing plant for Zohr natural gas field.

Oil Sector Doubles Net FDI during July/March FY 2017/18

More than half of Egypt’s net foreign direct investment (FDI) during the first nine months of FY 2017/18 was invested in the oil sector.

Nigeria to Lose $25b FDI Upon Gas Act Changes

Nigeria stands to lose over $25b in foreign direct investment and legal fines from international courts if the planned amendment to the Nigeria Liquefied Natural Gas (NLNG) Act of 2004 proceeds.

Egypt Report: Solar Power, Renewable Energy Becoming Growth Sector

With 2.3GW of power to be generated by photovoltaic energy in the next couple of years, major international players are coming to Egypt, forming key relations with local enterprises, said a new report.

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