investment | Egypt Oil & Gas - Part 16
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.
French Investments in Egypt to Increase by 10% in 2017
The Egyptian-French Business Council expects French investments in Egypt to increase by 10% in 2017.
China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries due to the oil price crash.
Algeria’s Sonatrach to Invest $3.2b to Increase Pipeline Capacity
Algerian energy company Sonatrach will invest $3.2b over four years, including $530m in 2016, to increase pipeline capacity as natural gas output rises from new and existing fields.
