investment
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El Molla Launches Third Batch of Mining Sector Program
Sunday, 21st February 2021
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the launch of the third batch of the Human Capacity Development in the Mining Sector program, which implemented by the Egyptian Mineral Resources Authority (EMRA) in cooperation with Enppi, as part of developing and modernizing the mining sector program.
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Libya’s NOC Discusses Boosting Cooperation with Italy
Wednesday, 13th January 2021
The Chairman of Board of Directors of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, has discussed how to boost cooperation with the Italian companies.
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Iraq to Invest 200 mscm/d of Gas from Dhi Qar Fields
Wednesday, 6th January 2021
The Undersecretary for Extraction Affairs of the Iraqi Oil Ministry, Karim Hattab announced that the ministry plans to invest the gas accompanied with oil operations in Dhi Qar Governorate through conducting contract with an international company to invest 200 million standards cubic meters per day (mscm/d) of natural gas.
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Exxon Studies Investing about $240 M in Baton Rouge Refinery
Thursday, 17th December 2020
Louisiana Governor, John Bel Edwards, stated that ExxonMobil Company is studying to invest more than $240 million from Baton Rouge refinery, from which it is producing 517,700 barrels per day (b/d).
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El Molla Discusses Cooperation with Hungary’s Ambassador
Sunday, 25th October 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has discussed with the Hungarian Ambassador to Egypt, András Kovacs, the ways of cooperation in the oil and gas sector.
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Norway Resumes Investment in Brazil’s Petrobras
Tuesday, 14th July 2020
Norway re-permits the country’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras once more.
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Algeria’s Proven Oil Reserves at 10 Billion Barrels
Monday, 27th April 2020
Algeria’s Energy Minister, Mohamed Arkab, has announced that Algeria’s proven oil reserves currently stand at 10 billion barrels.
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Algeria’s Sonatrach signs MoU with ExxonMobil
Tuesday, 21st April 2020
Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for talks on exploration opportunities in Algeria.
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ADNOC to Continue Investing Responsibly
Sunday, 5th April 2020
The Abu Dhabi National Oil Company (ADNOC) will continue to invest responsibly in order to deliver on its 2030 smart growth strategy.
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Plans for $5 B Petrochemicals Complex in Alexandria
Wednesday, 19th June 2019
The government is considering a project to establish a petrochemicals complex in Alexandria, with around $5 billion in investments, beside a current $1.5-billion factory.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021