investment | Egypt Oil & Gas - Part 18
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, according to Oil Price. The two compa...
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 (F...
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 lifting...
France Offers $75.8m Gas Grant to Egypt
The French Development Agency (AFD) has offered Egypt a $75.8m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households. The project tends to prioritize the underprivil...
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, the company’s Regional Director, Hassan Amin, told Daily News Egypt. Amin said that the projects Acwa Power inten...
Egypt Negotiating South Korean $3b Investment
South Korea aims to increase its investments in Egypt to $3b mainly in renewable energy, according to Korea’s Minister of Trade, Industry and Energy, Joo Hyunghwan, Daily News Egypt reported. According to Tarek Kabil,...
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, reported Al Bawaba. According to previous reports by The New York Times, Sheikh Khalifa b...
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, Daily News Egypt wrote. According to a government’s statement, Egyptian President, Abdal Fattah Al-Sisi stated...
