investments | Egypt Oil & Gas - Part 18

ASORC, PPC Budget Allocates EGP 7 B in Investments for Improving Efficiency

Minister of Petroleum and Mineral Resources Tarek El Molla announced that the new budget for Assiut Oil Refining (ASORC) and Petroleum Pipelines Company (PPC) allocates EGP 7 Billion worth of investments to improv ...

Aramco Acquires New Investments in Poland

The Saudi Arabian Oil Company "Aramco" announced that it is expanding its presence in Europe by acquiring stakes in Poland’s refining, wholesale and jet fuel segments.

EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta

The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.

ADNOC to Spend $6 Billion to Enable Drilling Growth

The Abu Dhabi National Oil Company (ADNOC) has recorded investments worth up to almost $6 billion to enable drilling growth helping to boosts its crude oil production capacity to 5 million barrels per day (mmbl/d) ...

Aramco to Expand Investments in Emerging Sectors 

Aramco announced its intention to expand its focus on emerging sector at the Future Investment Initiative Forum.

QatarEnergy, Shell Sign Agreement for Developing Hydrogen Projects in UK

QatarEnergy company and Shell company have signed an agreement to cooperate on investments in bule and green hydrogen projects in UK.

BP Invests $270 million in Three Major Projects at Cherry Point Refinery

BP revealed a plan to invest $269 million in three projects at Cherry Point Refinery in Washington in order to enhance the refinery’s efficiency, minimize its carbon dioxide (CO2) emissions, and boost its renewabl ...

Anchorage Investments to Develop a $2.5 B Petrochemicals Project in Suez Canal

Anchorage Investments plans to develop a massive $2.5 billion petrochemicals project in the Suez Canal Economic Zone.

Iran Plans to Invest $4 billion in Oil Projects in Ilam Province

Iranian Petroleum Minister Javad Owji announced that his ministry will contribute $4 billion in investments to developing oil and energy projects at Ilam province, a press release issued by the National Iranian Oi ...

INEOS Invests Over £1 B to Cut Down on Greenhouse Gas Emissions

INEOS announced that it will invest over £1 billion in reducing greenhouse gas emissions at its site in Grangemouth, as part of its strategy to reach net zero emissions by 2045.

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