investment | Egypt Oil & Gas - Part 16

China to Sell $9.45b Stakes in Gas Pipeline

China Petroleum & Chemical Corporation (Sinopec), the second-largest oil and gas group in the country, plans to sell 50% of its premium Sichuan-East China natural gas pipeline business to investors.

Botswana Urges SADC Members to Co-Invest in Energy

Botswana’s Minister of Minerals, Energy and Water Resources has emphasized the importance of joint strategic investments in securing water and energy in the Southern African Development Community (SADC) region.

Egypt, Kuwait Debate Joint Investment Strategies

Minister of Petroleum and Mineral Resources Tarek El Molla welcomed a delegation from Kuwait Petroleum Corporation (KPC) headed by Nabil Bourisly, the Managing Director of International Marketing, with whom he discus ...

Croatia Secures $75m Onshore Oil Exploration Investment

The Croatian government has awarded two firms contracts for four onshore oil and gas exploration blocks in the country’s northern and eastern zones for a total investment of $75m.

Merlon to Increase Fayoum Investments to $100m

Merlon, an American company working in research and exploration in Egypt, allocated around $100m to implement production and development operations in its concession area in Fayoum in the next fiscal year 2016-2017 ( ...

Turkey’s Unit International to Build Iran Power Plants

Turkish energy company Unit International has reached a $4.2b deal with the Iranian Energy Ministry to build seven natural gas power plants in Iran, in what it said was the biggest investment in Iran since the liftin ...

France Offers $75.8m Gas Grant to Egypt

The French Development Agency (AFD) has offered Egypt a $75.7m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households.

Saudi Acwa Power Mulls $12b Energy Investment in Egypt

Saudi company Acwa Power intends to invest $12b in the Egyptian energy market over the next five years.

Egypt Negotiating South Korean $3b Investment

South Korea aims to increase its investments in Egypt to $3b mainly in renewable energy, electricity, and desalination.

UAE Allocated $4b in Support to Egypt

The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.

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