investment

  • El Molla Launches Third Batch of Mining Sector Program

    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.

  • Libya’s NOC Discusses Boosting Cooperation with Italy

    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.

  • Iraq to Invest 200 mscm/d of Gas from Dhi Qar Fields

    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.

  • Exxon Studies Investing about $240 M in Baton Rouge Refinery

    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).

  • El Molla Discusses Cooperation with Hungary’s Ambassador

    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.

  • Norway Resumes Investment in Brazil’s Petrobras 

    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.

  • Algeria’s Proven Oil Reserves at 10 Billion Barrels

    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.

  • Algeria’s Sonatrach signs MoU with ExxonMobil 

    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.

  • ADNOC to Continue Investing Responsibly   

    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.

  • Plans for $5 B Petrochemicals Complex in Alexandria

    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.