investment | Egypt Oil & Gas - Part 6
El Molla Calls on UK Companies to Invest in Egypt’s Decarbonization Opportunities
Minister of Petroleum and Mineral Resources Tarek El Molla has encouraged British companies and entities to invest in cooperation opportunities with the Ministry of Petroleum and Mineral Resources to implement the min...
Chevron to Invest $500M in Argentina Vaca Muerta Shale Area
Chevron, the U.S.-based oil company, will start a $500 investment to develop the Trapial block before July in western Neuquen province, Argentina’s economy ministry announced after a meeting between Economy Mini...
EGX Approves Listing of TAQA Arabia’s Shares with EGP 676,176,900 Capital
The Egyptian Exchange’s (EGX) listing committee approved listing the shares of TAQA Arabia, the full-service energy and utility provider in Egypt, with an issued capital of EGP 676,176,900 A total of 1,352,353,8...
OPEC Secretary General: Underinvestment Could Cause Market Volatility
Underinvestment in the oil and gas sector could cause long-term market volatility, stated OPEC Secretary General Haitham Al Ghais in a report from Reuters. He also said that the truth that needs to be told is that all...
AEP-II Reaches US$336.6m First Close for Renewable Energy Projects
Alcazar Energy Partners II SLP (SCSp) (“AEP-II”) a Luxembourg domiciled sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has achieved a first close of US$336.6m. ...
Alfanar Signs MoU to Establish Green Hydrogen Project Worth $3.5B in Egypt
Saudi Arabia’s Alfanar announced that it has signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen project worth $3.5 billion in Ain El-Sokhna, Reuters reported. According to the company,...
Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants
Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported. Russian energy companies and their executives have been sanctioned by many Western nations followin...
Egypt, Germany to Boost Cooperation in LNG, Green Hydrogen, Clean Energy
President Abdel Fattah El-Sisi has met Germany’s Chancellor Olaf Scholz to discuss boosting bilateral cooperation, especially in liquefied natural gas (LNG), green hydrogen and clean energy. During the meeting, ...
