investments | Egypt Oil & Gas - Part 22

Iraq Signs MoU with Total for Large Projects

The Iraqi Ministry of Oil has signed a memorandum of understanding (MoU) with Total company for cooperating in establishing promising large projects.

Energean Announces Final Investment Decision for Offshore Egypt Project

Energean announces the North El Amriya (NEA), and North Idkunea concession (NI) Final Investment Decision in offshore Egypt.

Total Agrees to Acquire Stake of 20% in India’s AGEL

Total Energy Group has agreed to buy a stake of 20% in India’s Adani Green Energy Limited (AGEL) in in attempt to enhance its presence in the renewable energy.

GPC’s Production Hits New Record of 68,000 bbloe/d

Egypt allocated investments with EGP 5 billion to the General Petroleum Company (GPC) to increase drilling exploration and development wells.

Aramco Seeks a $7.5 B Loan for Pipelines Investors

Saudi Aramco is seeking to a loan costs $7.5 billion for potential investors in its oil pipelines.

TAQA to Construct 180 Natural Gas Stations in Three Years

The CEO of TAQA Arabia, Khaled Abu Bakr, stated that the company will build 180 natural gas station with investments about EGP 3.6 billion till 2023, according to the Kelma Akhira program presented by Lamees El Ha ...

MPED Allocates EGP 4.9 B to Alexandria’s Petroleum Sector in FY 2020/21

The Ministry of Planning and Economic Development (MPED) allocated EGP 4.9 billion of investments to the oil and gas sector during the fiscal year (FY) 2020/21;  29.5% of total investments in Alexandria.

Petroleum Investments Surpass EGP 1.2 T in 6 Years

The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.

IOCs Highlight Egypt’s Investment Potentials During AEC

Shell and Schlumberger have participated in the fourth edition of Al-Ahram Energy Conference (AEC) to discuss their investments in Egypt.

SFE Offers Wataniya to Private Sector Investors

The Sovereign Fund of Egypt (SFE) has selected Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), to be offered to private sector investors as a first stage in its privatization ...

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