investment | Egypt Oil & Gas - Part 21
Egypt, Saudi Arabia Reach Financing Agreements for Development
Egypt and Saudi Arabia have come to terms on a number of loans for investment and development projects in Egypt, that Riyadh has pledged to Cairo since March 2015, Ahram Online reports. Egypt agreed to borrow $1.2b t...
OPEC: $10t in Oil Investment Needed, $250 from non-OPEC Countries
The Organization of Petroleum Exporting Countries (OPEC) stated in its World Oil Outlook 2015 that $10t worth of investment in the oil and gas industry will be needed through 2040 in order to meet world’s energy deman...
Gazprom Approves $11.71b Investment Program in 2016
Russia’s major gas exporter, Gazprom has approved its investment program worth $11.71b ( RUB 842b) in total in 2016, the company’s board announced its decision in a statement, Reuters reported. The investm...
Algeria and Germany to Develop Energy Partnership
Algiers and Berlin are to start mutual energy cooperation by boosting German energy investments in the northern African country, following a joint meeting between Algeria’s Minister of Energy, Salah Khebri and G...
World Bank Loan Diverted in Part to Pay Foreign Dues
Tarek El-Molla, Minister of Petroleum and Mineral Resources, confirmed that his Ministry plans to attract $8.5b worth of new foreign investments into the Egyptian petroleum sector during the current fiscal year, repor...
CPTDC to Invest $10m in Egypt’s Petroleum Industry
China Petroleum and Technology Development Corporation (CPTDC) will invest approximately $10m in Egypt, Li Qitang, Egypt’s Chief Office Representative, told Daily News Egypt. The company is planning to use the investm...
Mexico to Receive $6b from Oil Hedge Deals
Mexico will receive at least $6b from its oil hedge deals in 2015, Bloomberg reports. The country locks in its oil price each year through deals with banks to protect against price declines. For 2015, the government o...
Australia Invites Saudi Investment in Green Energy
The Australian government has announced its invitation for Saudi Arabia and other oil-rich states to invest in Australian green energy initiatives. The Financial Times quotes Greg Hunt, Australia’s Minister of Environ...
