investment | Egypt Oil & Gas - Part 2

Cleopatra Group Eyes Oil Sector, Assesses Fields For Investment

Cleopatra Group, one of Egypt’s largest private sector industrial conglomerates is tapping the oil sector, and is currently assessing some fields in Egypt and abroad to invest in, according to Mohamed Aboul Enein, ...

Badawi Discusses Natural Gas Investment Plans with bp

Minister of Petroleum and Mineral Resources Karim Badawi met with William Lin, Executive Vice President of bp Global for Gas and Low-Carbon Energy Affairs, along with other bp officials, to discuss the company’s n ...

Egypt, Azerbaijan Explore Petroleum Trade, Upstream Investment Opportunities at OPEC Seminar

The Minister of Petroleum and Mineral Resources, Karim Badawi, met with Azerbaijan’s Minister of Energy, Parviz Shahbazov, to discuss joint cooperation opportunities between the two countries in the oil and gas se ...

ExxonMobil to Invest $1.5B in Nigerian Oilfield

Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country.

KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector

Minister of Petroleum and Mineral Resources Karim Badawi met with CEO and President of the Korea National Oil Corporation (KNOC) Kim Dong Sub and his accompanying delegation to explore investment opportunities and ...

Eni to Invest €8B in Egypt, Boosting Energy Supply to Europe

Eni CEO Claudio Descalzi unveiled plans to invest about €8 billion in Egypt over the next four years, boosting energy production and supply in the region, as part of a broader €24 billion ($26.24 billion) investme ...

Oman Launches Bid Round for Oil and Gas Exploration

Oman’s Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production.

India Allocates $647M for Strategic Oil Reserves Amid Global Supply Concerns

India has allocated 55.97 billion rupees ($646.78 million) to purchase oil for its strategic petroleum reserves (SPRs) for the fiscal years 2025-26. The budget also includes allocations of 1.8 billion rupees for t ...

Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq

Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields in Iraq. This confidentiality agreement involves Iraq to provide Halliburton with data and discuss ...

Shell-CNOOC JV to Expand Petrochemical Operations in South China

CSPC, a joint venture between CNOOC Petrochemical Investment Ltd. and Shell Nanhai B.V. has reached a final investment decision for expanding its petrochemical complex in Daya Bay, Huizhou, South China with comple ...

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