investments | Egypt Oil & Gas

investments | Egypt Oil & Gas

Iraq-Syria Oil Pipeline Could Cost at Least $15 Bn, Take Four Years to Build

Iraq’s planned crude oil pipeline through Syria is expected to require at least $15 billion in investment and around four years to construct, providing an alternative export route to reduce the country’s reliance ...

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 liquefies natural gas (LNG) ‌Phase 1 project, a major natural gas development in the deep ...

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 Managi ...

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 ...

Cypriot FMC to Establish Mining Education, Training Center in Egypt

Cypriot mining company Fawakheir Mines Complex (FMC), formerly known as SMW Gold Limited is moving forward in 2026 to establish Center of Excellence in cooperation with the Egyptian government to support education ...

Egypt Forms Joint Ministry Committee to Attract Global Energy Partner

Karim Badawi, Minister of Petroleum and Mineral Resources, and Mohamed Farid, Minister of Investment and Foreign Trade, have agreed to establish a joint committee aimed at enhancing financing opportunities for pet ...

Badawi: Egypt Secures Caspian–Europe Energy Link

Karim Badawi, Minister of Petroleum and Mineral Resources, underscored Egypt's capacity as a vital energy bridge between the Caspian region and Europe. He highlighted the country's strategic geographic position an ...

Egypt Plans $5 Bn Green Ammonia Project in Ras Banas

Egypt is planning to establish a green ammonia production project in Ras Banas, with initial investments estimated at $5 billion. The investments are expected to rise to $10 billion upon reaching full production c ...

Madbouly: IOCs Commit to Invest $19Bn Over Three Years

Egypt is accelerating efforts to strengthen its energy sector through new investments, discoveries, and market reforms.
Egypt has secured investment commitments exceeding $19 billion from international partn ...

EGPC Targets Production Leap, Energy Security

The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held a meeting to review measures for accelerating production and securing domestic energy supplies. During the meeting, conducted via Vi ...

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