investments | Egypt Oil & Gas - Part 23
Bapetco’s Investments Reach $298 MM in FY 2021/22
Badr El-Din Petroleum Company (Bapetco) announced that its investments reached $298 million with a 100% success rate in drilling three exploration wells during H1 2020/21. The company is planning as well to drill two ...
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 large projects, a press release reported. The MoU was signed between the Iraqi Oil Minister, ...
Energean Announces Final Investment Decision for Offshore Egypt Project
Energean Oil and Gas Company announced the Final Investment Decision on North El Amriya (NEA) and North Idkunea concession (NI) subsea project in offshore Egypt. The NEA concession contains two discovered gas fields Y...
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 an attempt to enhance its presence in the renewable energy, Reuters reported. Total said that this transaction would ...
GPC’s Production Hits New Record of 68,000 bbloe/d
The average production of General Petroleum Company (GPC) jumped to a new record of 68,000 barrels of equivalent oil per day (bbloe/d) during H2 2020. This was announced during the GPC general assembly meeting chaired...
Aramco Seeks a $7.5 B Loan for Pipelines Investors
Saudi Aramco is seeking a loan worth $7.5 billion for potential investors in its oil pipelines, sources familiar with the matter told Bloomberg. According to the sources, the Saudi company started discussions with len...
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 of about EGP 3.6 billion from 2021-2023, according to the Kelma Akhira program presented by Lamees E...
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 in Alexandria during the fiscal year (FY) 2020/21; 29. 5% of total investments in the govern...
