foreign investments | Egypt Oil & Gas
IOCs Investments to Reach $10 B in FY 2019/20: El Molla
International oil companies (IOCs) plan to pump investments of around $10 billion on exploration and production (E&P) activities during the next fiscal year (FY) 2019/20, Minister of Petroleum Tarek El Molla told ...
Egypt to Attract $10B Foreign Investments in Oil, Gas
Egypt will attract around $10 billion in foreign investments in the oil and gas sector during fiscal year (FY) 2018/19, Egyptian Minister of Petroleum Tarek El Molla has said, according to Reuters. The minister also s...
Iran Delayed Contracting Chosen Bidders Until Reviewing IPC
The Iranian Petroleum Contract (IPC), which was created to attract foreign investments in the aim of reviving the country’s energy industry, has been delayed since Iran’s Security Council is still reviewing it, Oil Pr...
Egypt Aims to Reschedule Debt Payment to IOCs in 2017
An official source in the Egyptian oil sector stated to Egypt Oil&Gas that PM Sherif Ismail’s cabinet wants to reschedule the debts to foreign oil companies operating in Egypt during 2017 in order to be able... Iran to Develop 25 Petchem Projects
An official at the Irani state-run National Petrochemical Company (NPC) said that Iran is seeking investment to build 25 petrochemical projects, Reuters reported. NPC’s Director for Planning and Development, Farnaz Al...
Enel to Grow Renewable Ventures
Enel’s CEO, Francesco Starace, said that the Italian company will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries, Reuters ...
Sudan’s Oil Output Declined
The Sudanese Oil and Gas Minister, Mohamed Awad Zayid, said that the country’s current oil production has dropped to between 95,000 to 100,000b/d, in the wake of the falling global oil price. He added that Sudan’...
Israel to Tender 24 Offshore Exploration Blocks
Israel is preparing to tender 24 offshore exploration blocks to be offered in an international bidding process by which energy companies will compete for rights to participate in exploration for oil and natural gas in...
