investments | Egypt Oil & Gas - Part 2
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, according to a Cabinet statement. The investments are expected to rise to $10 billion u...
Madbouly: IOCs Commit to Invest $19Bn Over Three Years
Egypt has secured investment commitments exceeding $19 billion from international oil companies (IOC)s over the next three years, Prime Minister Mostafa Madbouly said during the cabinet’s weekly meeting. He bro...
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 Video ...
Petro Shorouk Reveals $96 Mn Additional Investments in FY 2025/26
Petro Shorouk revealed the injection of $96 million in additional investments during the current fiscal year (FY) 2025/26. The company’s Chairman, Tharwat El Gendy, pointed out during the company’s general assem...
Egypt, Norway’s Scatec Explore Expanding Renewable Energy Investments
As Cairo steps up efforts to attract high-quality foreign direct investment (FDI), Mohamed Farid, Egypt’s Minister of Investment and Foreign Trade, met with Terje Pilskog, CEO of Norway’s Scatec, to explore expanding ...
PetroBakr Unveils $121 Million Investment Plan for 2026/27
Petrobakr and South Ghazalat Petroleum Companies plan a total investment of $121 million for the fiscal year (FY) 2026/27, targeting a daily crude oil output of 14,000 barrels, Khaled Mounir, Chairman of Petrobakr, to...
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 Infrastructu...
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 invest...
