investments | Egypt Oil & Gas - Part 19
SCZone Chairman Discusses Energy Investment Opportunities with BII Delegation
Yehia Zaki, the Chairman of Suez Canal Economic Zone (SCZone), has received a delegation from the Britain International Investments (BII) to discuss investment opportunities in the SCZone especially in energy and gree...
Shell Sells Its Russian Retail and Lubricant Businesses
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, both being subsidiaries of Shell plc, have announced the sale of Shell Neft LLC, Shell’s retail stations and lubricants business in Russ...
Madbouly: Egypt Set to Become Main Hub for Green Hydrogen, Green Ammonia Production
During a recent press conference to announce the government’s vision to deal with the current global economic crisis, Prime Minister Mostafa Madbouly stated that Egypt is on track to becoming a major center for...
Sinopec Halts Project in Russia
China’s Sinopec suspended discussions for a gas marketing venture and petrochemical investment in Russia, sources told Reuters. This comes as a response to the government’s call for caution as sanctions co...
Baker Hughes Suspends New Investments in Russia
Baker Hughes has announced that it has halted its new investments for its operations in Russia due to its invasion of Ukraine. This decision came in line with its commitment to the applicable laws and sanctions as it ...
El Molla, Eni Discuss Ramping Up Petroleum Production, Investments
Minister of Petroleum and Mineral Resources Tarek El Molla met with a delegation from Italian energy giant Eni to discuss its activities, projects, and investment pumping programs within the framework of the plan set ...
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 the Assiut Oil Refining Company (ASORC) and the Petroleum Pipelines Company (PPC) allocates EGP 7 billion worth of investmen...
Aramco Acquires New Investments in Poland
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 marketing segments. The company stated that it signed an agreeme...
