investment | Egypt Oil & Gas

Irans Oil Production Capacity Records Increase of 4% Since Two Years

The Iranian Minister of Oil, Javad Owji, stated that the country’s oil production capacity has increase by 40% since two years.

Iranian Oil Output to Increase 10,000 bbl/d After Installing Two New Platforms

The Managing Director of the Iranian Offshore Oil Company (IOOC) Alireza Mehdizadeh said that the company will install A20 and A21 platforms to Abouzar Field which will add nearly 10,000 barrels per day (bbl/d) to ...

El Molla, HiiROC Study Collaboration in Hydrogen Technologies

Minster of Petroleum and Mineral Resources Tarek El Molla has met with HiiROC’s CEO Tim Davies and the company's Director & Head in the MENA region Derek Saunders to explore means of cooperation in hydrogen techno ...

El Molla Calls on UK Companies to Invest in Egypt’s Decarbonization Opportunities

Minister of Petroleum and Mineral Resources Tarek El Molla has encouraged British companies and entities to invest in cooperation opportunities with the Ministry of Petroleum and Mineral Resources in implementing ...

Chevron to Invest $500M in Argentina Vaca Muerta Shale Area

Chevron, the U.S.-based oil company, will start $500 investment to develop the Trapial block before July in western Neuquen province, Argentina's economy ministry announced after a meeting between Economy Minister ...

EGX Approves Listing of TAQA Arabia’s Shares with EGP 676,176,900 Capital

The Egyptian Exchange's (EGX) listing committee approved listing the shares of TAQA Arabia, the full-service energy and utility provider in Egypt, with an issued capital of EGP 676,176,900.

OPEC Secretary General: Underinvestment Could Cause Market Volatility

Underinvestment in the oil and gas sector could cause long-term market volatility, stated Haitham Al Ghais, OPEC Secretary General, in a report from Reuters.

AEP-II Reaches US$336.6m First Close for Renewable Energy Projects

Alcazar Energy Partners II SLP (SCSp) announced that it has signed the first memorandum of understanding (MoU) with the Egyptian government to invest in green hydrogen-based ammonia.

Alfanar Signs MoU to Establish Green Hydrogen Project Worth $3.5B in Egypt

Saudi Arabia’s Alfanar announced that it has signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen project worth $3.5 billion in Ain El-Sokhna.

Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants

Saudi Arabia's Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported.

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