investment | Egypt Oil & Gas - Part 21
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.
Investment Minister: Billions Coming into Renewables, but Land and Currency Problems Still Need Resolution
Government seeks to resolve land shortage, foreign currency crisis, with both still being studied by Economic Group, says Salman
Egypt’s Renewable Sector Held Back by Currency Instability
Mohamed El Sobki, chairman of Egypt’s New & Renewable Energy Authority (NREA), stated at the event Tuesday that the country was targeting 18,000 megawatts of renewable energy projects.
