investment | Egypt Oil & Gas - Part 20
SIDPEC Invests $670m in Petrochemical Industry
Egypt's Sidi Kerir Petrochemicals Co – Sidpec is currently in charge of a number of new projects with investments estimated at US$670 million, chairman Ahmed Helmy stated Monday.
DEA to Pump $274m Investment into its Concessions
German company DEA plans to invest about $274m during the coming fiscal year to increase oil and gas production rates from its concessions in the Gulf of Suez and Kafr el-Sheikh.
Petroleum Minister: Current Projects in Egypt Worth $9.4bn
The petroleum sector is currently implementing projects worth $9.4 billion, in addition to projects that have been completed, Egypt's petroleum minister said on Monday.
Egypt Foreign Reserves Fall to $19.5Bn
Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.
Iran: OPEC Agrees Oil Price Still Unfair
Minister of Petroleum Bijan Zangeneh says Iran is not satisfied with current oil prices after OPEC decided to maintain production levels unchanged at its Friday meeting in Vienna.
$45bn to be Pumped into Egypt’s Renewable Sector
Investment Minister Ashraf Salman said it is expected that investments worth $45bn will be pumped into Egypt's new and renewable energy sector over the next 10 years, state agency MENA reported on Monday.
Sousa: Petroleum Sector Preparing for New Investments Worth $10bn
The First Undersecretary for Gas Affairs at Egypt’s Petroleum Ministry, Sherif Sousa, said Egypt plans to propose projects amounting to $10bn, along with other investments at $9bn. The plan also includes petrochemica ... Egypt’s Natural Gas Investments Total $13bn: Official
The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said Monday.
