investments | Egypt Oil & Gas
UCC Oil and Gas Eyes Expansion Into New Venezuelan Fields
Qatari producer UCC Oil and Gas Holding is exploring opportunities to enter additional oil and gas fields in Venezuela, Reuters reported, citing the company’s Head of Upstream, Erik Keskula. Speaking at a conference i...
Egypt, AngloGold Ashanti Eye Wider Partnership Beyond Sukari
Egypt seeks to broaden its partnership with global mining company AngloGold Ashanti beyond operating the Sukari Gold Mine, aiming for a comprehensive strategic alliance, said President Abdel Fattah El-Sisi on the side...
Aramco Eyes New Gas Division Amid Potential Asset Listings
Saudi Aramco plans to reorganize its business and establish a dedicated gas division as it explores potential listings of business units to raise capital, Reuters reported, citing two sources familiar with the matter....
Iraq-Syria Oil Pipeline Could Cost at Least $15 Bn, Take Four Years to Build
Iraq’s planned crude oil pipeline through Syria, aimed at reducing reliance on the Strait of Hormuz and avoiding future export disruptions, is expected to cost at least $15 billion and take around four years to build,...
ExxonMobil Awards $1.1 Bn in Pre-Investment Contracts for Rovuma LNG Project
ExxonMobil has awarded about $1.1 billion worth of pre-investment contracts for certain upstream equipment for the Rovuma liquefied natural gas (LNG) Phase 1 project, a major natural gas development in the deep wate...
ExxonMobil to Invest $1 Billion in Nigeria
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing D...
MoPMR Plans 62 EUG Investment Opportunities to Boost Upstream Sector
The Ministry of Petroleum and Mineral Resources (MoPMR) plans to offer 62 investment opportunities through the Egypt Upstream Gateway (EUG). Karim Badawi, Minister of Petroleum and Mineral Resources, announced the pla...
Cypriot FMC to Establish Mining Education, Training Center in Egypt
Cypriot mining company Fawakheir Mines Complex (FMC) is cooperating with the Egyptian government to establish a Center of Excellence to support education and training in the country’s mining sector, the company’s Exec...
