investment | Egypt Oil & Gas - Part 7
Zaki: SCZone to Implement Hydrogen Projects Soon
Chairman of the Suez Canal Economic Zone Authority (SCZone) Yehia Zaki said that the SCZone will meet with representatives from hydrogen companies whom it signed memoranda of understanding (MoUs) with to implement gre...
PM Tasks Petroleum Ministry with Attracting Exploration Investments
In a meeting held by Prime Minister Mostafa Madbouly to follow up on presidential directives, the Ministry of Petroleum and Mineral Resources was given the task of setting a roadmap and timeline to attract new oil and...
Shell to Write Off Up to $5B After Exiting Russia
Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia, Reuters reported. This amount is more than previously disclosed, despite the fact that the increase in oil and gas ...
Iran Develops Abadan Refinery to Enhance Refinery Products
The operator of the Abadan Refinery Development and Stabilization Project, National Iranian Oil Refining and Distribution Company (NIORDC) announced that it develops the refinery with the aim of optimizing the refiner...
EGAS Allocates $900M for Exploration, Development, Production Investments in 2022/23
Egypt’s exploration, development, and production investments are planned to reach $900 million in fiscal year (FY) 2022/23, boosting the total investments of 2021/22 and 2022/23 to $1.6 billion, Egyptian Natural...
Egypt Eyes $7 B in FDI for Petroleum Sector
Egypt eyes $7 billion in foreign direct investment (FDI) for the oil and gas sector during fiscal year (FY) 2022/23, Minister of Petroleum and Mineral Resources Tarek El Molla stated according to Reuters. El Molla sai...
Iraq Oil Ministry: Total Enters Development of Four Projects Worth $27 B
Iraqi Oil Ministry Spokesman Assem Jihad stated that Total is investing in four development projects in Iraq worth $27 billion. Furthermore, Total is investing in 600 million feet of gas in two phases and one solar Gi...
Iran to Increase Fars Province Natural Gas Production by 110 mmcm/d
Iran’s Minister of Petroleum Javad Owji has announced that his government planned to invest in the upstream gas sector to boost natural gas production from Fars province’s fields to grow by 110 million cubic meters pe...
