investment | Egypt Oil & Gas

Cyprus’ FMC Plans $20 Mn Investment in Mining Exploration in Egypt

Cypriot mining company FMC, formerly known as SMW, plans to invest nearly $20 million over the next two to three years as it resumes operations in Egypt, according to Executive Chairman Philipp Hiendl.

This ...

ADNOC Eyes Canada Upstream and LNG for Global Growth

Abu Dhabi National Oil Company (ADNOC) is exploring potential investments in Canada’s upstream and liquefied natural gas (LNG) sectors through its international investment arm, XRG, a senior executive revealed dur ...

EBRD Considers $70 Mn Finaning for Nubia Benban Solar Project

The European Bank for Reconstruction and Development (EBRD) is evaluating a financing package of up to $70 million for the Nubia Benban solar project in Aswan, with board approval anticipated in mid-June, accordin ...

Egypt, TotalEnergies Near MoU on Herodotus Gas Exploration

The Ministry of Petroleum and Mineral Resources is advancing negotiations with France’s TotalEnergies over expanded gas exploration in the deep Herodotus Basin of the western Mediterranean, with both sides aiming ...

Badawi Engages Global Investment Banks to Accelerate Investments

Karim Badawi, Minister of Petroleum and Mineral Resources, presented the latest reforms, incentives, and opportunities within the petroleum and mining sectors during a roundtable meeting with a group of Internatio ...

Badawi Highlights Egypt’s Mining potential During FMF Meetings

On the sidelines of his participation in the Future Minerals Forum (FMF) in Riyadh, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings with senior executives of leading mining com ...

Exxon Mobil Keeps Venezuela Option Open Despite Trump Objections

Exxon Mobil remains interested in assessing a potential return to Venezuela and is prepared to send a technical evaluation team within weeks, despite U.S. President Donald Trump signaling he may block the company ...

NPIC Dedicates $100 Mn for Unlocking New Opportunities

North Petroleum International Company (NPIC), a subsidiary of China’s state-owned Zhenhua Oil Company, plans to boost production through the optimization of existing assets and the acquisition of new concessions. ...

MOPCO to Invest up to $250mn in Capacity Expansion, Export Growth

Misr Fertilizers Production Company (MOPCO)  will invest between $200-$250 million in 2026/2027 to increase production capacity and expand in new export markets, the company said in a statement sent to the Egyptia ...

Egypt, Australia Boost Investment Cooperation in Mining, Energy Sectors

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining secto ...

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