investment | Egypt Oil & Gas - Part 20

Egypt to Renegotiate Contracts with IOCs

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state com ...

China, Britain Nuclear Power Agreement Reached

State-funded China General Nuclear Power Corporation has reached an agreement with France's EDF Energy to collaborate on new nuclear power plants, the BBCreported.

Ministry of Petroleum Offers Incentives to Investors

In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.

Kenya to Host an International Investment Conference

Kenya is planning to host an international investment conference from Nov. 22 to 25 to attract investors for projects, including expansion of airports, railway, tourism, roads, dams, and energy projects.

Tarek El-Molla: The Future Lies in Fuel Producing SMEs

Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that encouraging the establishment of small and medium-sized petrochemical companies will provide two advantages. First, enough products for local mar ...

Misr-Iran Bank to Contribute Part of Assiut Oil Refinery’s $150m Loan

Misr Iran Development Bank is planning to contributing $10m to Assiut Oil Refining Company’s loan worth $150m.

Oil Prices Ease Inflation in Egypt

Egypt’s annual inflation decreased to hit 7.9% in August, down from 8.3% in July, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The National explains that the current level of infl ...

ADIB to Loan EGPC $100m

The Egyptian General Petroleum Corporation (EGPC) has requested a loan from ADIB Capital worth $100m to finance imported petroleum shipments, reported Daily News Egypt.

Egypt’s Sherif Ismail to Meet Spanish Energy Minister

Egypt Oil and Gas (EOG) learned that the Minister of Petroleum and Mineral Resources, Sherif Ismail is on his way to to Spain to meet his counterpart, the Spanish Energy Minister, in order to discuss means of coopera ...

Egypt to Double Natural Gas Production by 2018

A study by the Egyptian Center for Economic Studies (ECES) forecasts that due to recent gas discovery, Egypt will be able to double its natural gas production by 2018.

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