investment | Egypt Oil & Gas - Part 22
Sadara Moves Ahead with Petrochemical Strategy
Saudi Arabia’s Sadara Basic Services has signed agreements covering storage facilities and port services in preparation for its petrochemicals production strategy, that will begin by the end of this year, report...
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 comp...
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 BBC reported. The agreement was announced in a joint press c...
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. Of these measures, one of the most imp...
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, Global Post r...
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 mark...
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, sources told Al Mal newspaper. Misr Iran has received a formal invitation from Abu Dhabi Islamic Bank (ADI...
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 Mobilization and Statistics (CAPMAS). The National explains that the current level of infla...
