investment | Egypt Oil & Gas

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.

Egypt, Germany to Boost Cooperation in LNG, Green Hydrogen, Clean Energy

President Abdel Fattah El-Sisi has met Germany's Chancellor Olaf Scholz to discuss boosting bilateral cooperation, especially in liquefied natural gas (LNG), green hydrogen and clean energy.

Egypt, Norway to Study Green Ammonia Cooperation Opportunities

Minister of Petroleum and Mineral Resources Tarek El Molla and the CEO of Norway's Scatec Terje Pilskog have agreed to study the available opportunities to cooperate in producing green ammonia.

ACWA Power Eyes Hydrogen Production Project in Egypt

The Chairman of Acwa Power company, Mohammed Abunayyan announced his company’s desire to transfer its expertise in hydorgen production to Egypt especially after having a huge infrastructure thanks to the great new ...

Zaki: SCZone to Implement Hydrogen Projects Soon

Chairman of the Suez Canal Economic Zone Authority (SCZone) Yehia Zaki said that the SCZone will meet with representatives from hydrogen companies whom it signed memoranda of understanding (MoUs) with to implement ...

PM Tasks Petroleum Ministry with Attracting Exploration Investments

In a meeting held by Prime Minister Mostafa Madbouly to follow up on presidential directives,  the Ministry of Petroleum and Mineral Resources was given the task of setting a roadmap and timeline to attract new oi ...

Shell to Write Off Up to $5B After Exiting Russia

Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.

Iran Develops Abadan Refinery to Enhance Refinery Products

The operator of Abadan Refinery Development and Stabilization Project, National Iranian Oil Refining and Distribution Company (NIORDC), announced that it develops the refinery with the aim of optimizing the refine ...

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