investment | Egypt Oil & Gas - Part 11
Tecnimont Reviews Egypt’s Investments Opportunities
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with a delegation of top officials from Italy’s Maire Tecnimont Group, including the company’s Chairman, Fabrizio Di Amato, and the C...
El Molla: Enhancements in Public Sector Company Budgets to Sector Performance
The new budgets of public sector’s oil companies, for fiscal year (FY) 2018/2019, aim at boosting the performance of Egyptian refineries and strengthening their role in securing citizens’ fuel demands, Egyptian Minist...
Nasr: World Bank Financing of Energy Sector Hits $4B
The World Bank has provided the Egyptian energy sector with $4 billion in financing, according to the Minister of Investment, Sahar Nasr, Amwal Al Ghad reports. The funding includes $3 billion to support economic refo...
Alexandria Petroleum Company Invests EGP 33.9B in 2016/2017
Alexandria Petroleum Company announced its latest investment figures, which amount to EGP 33.9 billion, Egypt Oil & Gas reports. Investments were for the production of 85,000 tons of butane, 1 million tons of naph...
ADNOC Reveals New, Expanded Partnership Approach
Abu Dhabi National Oil Company (ADNOC) announced the expansion of its partnership model to span its value chain, in addition to activating the management of its portfolio of assets, according to ADNOC’s press re...
Oil Shortage Might Lead to Investments, Discoveries Decline
The world might face an oil supply shortage following a steep drop in investments and a scarcity of fresh conventional discoveries, Saudi Aramco’s CEO, Amin Nasser, said, according to Reuters. Although unconvent...
Kuwait to Invest $8b in Petrochemicals
Kuwait’s Petrochemicals Industries Company (PIC) is planning to invest $8b into petrochemical projects in Bahrain and other countries over the next five years, PIC’s CEO, Mohammed Al-Farhoud, said, according to ...
Kuwait to Invest $79b in Oil Projects
Kuwait Oil Company (KOC) is willing to pump about $79b of investments over the next five years as part of its plans to increase the production capacity to 4mb/d from 3.1mb/d, Trade Arabia stated. The planned projects ...
