investment | Egypt Oil & Gas - Part 23

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.

Investments worth $47bn to Be Pumped in the Petroleum Ministry

According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.

Frontier Brings Oil, Gas Recruitment Experience to Gurgaon, India

Frontier International, a specialist in international oil and gas resourcing, has opened its first office in India.

Egyptian Investment Minister Expects FDI to Double, Promises Greater Reforms

Egypt expects the amount of foreign investment it attracts to double to $8 billion this fiscal year and is preparing a string of reforms to raise that further in coming years, its investment minister said on Monday.

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