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

• Sunday, 9th October 2022
• by Fatma Ahmed

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. According to the balanc...

BP to Invest $1.8B in Egypt

• Monday, 12th November 2018
• by Editorial Team

BP will invest $1.8 billion in Egypt next year, according to BP’s chief executive Bob Dudley, The National reported. “We’ve spent in the last two years $6.8bn in Egypt and it will be about $1.8bn dollars next ye...

Eni to Invest $5B in Zohr Gas Processing Plant

• Thursday, 1st November 2018
• by Sarah Samir

Eni has estimated that it will invest $5 billion to construct a gas processing plant for Zohr natural gas field, Arab Finance reported. The plant’s capacity is set to be 3.2 billion cubic feet per day (bcf/d) of natur...

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

• Monday, 2nd July 2018
• by Editorial Team

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, the Central Bank of Egypt announced in a statement. Net FDI recorded $6 billion ...

Nigeria to Lose $25b FDI Upon Gas Act Changes

• Wednesday, 24th August 2016
• by Egypt Oil & Gas

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. The amendment, which w...

Egypt Report: Solar Power, Renewable Energy Becoming Growth Sector

• Tuesday, 24th March 2015
• by Egypt Oil & Gas

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. The Egyptian go...