investments | Egypt Oil & Gas

XRG Expands US Footprint with Stake in Rio Grande LNG

XRG, ADNOC’s global investment subsidiary, has announced an agreement to acquire a 7.6% equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas from an acquisition vehicle owned by Global Infrastr ...

Libya Secures $20 Bn Oil Investment Deal to Boost Output Capacity

Libyan Prime Minister Abdulhamid al-Dbeibeh has announced a landmark 25-year oil development agreement with France’s TotalEnergies and US-based ConocoPhillips, committing more than $20 billion in foreign-funded in ...

Abdelatty, Scatec CEO Discuss Green Hydrogen and Africa Cooperation

Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates met Tuesday with Terje Pilskog, CEO of Norwegian firm Scatec to strengthen economic cooperation between Egypt and Norway in renewab ...

ASP Secures $140 Mn Financing for Silicon Metal Complex Following Golden License Grant

Alamein for Silicon Products Company (ASP) has signed a long-term joint financing agreement worth $140 million to launch the first phase of the Silicon Metal Production and Derivatives Complex. Established under t ...

UEE Drills 30 Wells in 2025, Increasing Egypt’s Production by 20%

The United Energy Egypt (UEE) has drilled around 30 wells in 2025, which successfully offset natural reservoir decline and increased oil production by more than 20%, according to Kamel Al Sawi, Regional President ...

Madbouly Explores Incentives to Unlock Golden Triangle Investment Potential

The Prime Minister Mostafa Madbouly reviewed ongoing efforts to attract new investments to the Golden Triangle Economic Zone during a meeting at the government headquarters in the New Administrative Capital, under ...

Egypt Unveils Five-Year Exploration,Production plan to IOCs

The Minister of Petroleum and Mineral Resources, Karim Badawi, has outlined a new five-year plan for oil and gas exploration and production during a high-level meeting with heads and representatives of internation ...

Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment

Eni and PEEni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the ...

Badawi Meets Eni, Chevron Leaders to Advance Gas Exploration at ADIPEC 2025

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Claudio Descalzi, CEO of Eni, during his participation in the ADIPEC Exhibition and Conference 2025 in Abu Dhabi to accelerate the company’s expl ...

Egypt, AFC Discuss Deepening Cooperation in Petroleum, Mining Sectors

Karim Badawi, Minister of Petroleum and Mineral Resources met with a delegation from the Africa Finance Corporation (AFC) to explore means to strengthen cooperation opportunities in the mining sector and the petro ...

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