The Korea National Oil Corporation (KNOC) Chairman, Suyeong Yang stated that the company aims to expand its investments in Egypt to strengthen the bilateral relationship between the two countries, as well as for t ...
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
The UAE government is interested in investing in Indonesia and is also holding discussion with Pertamina on increasing investment and developing more oil and gas fields.
The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.
The total investments of these projects will reach $15 billion by H2 of 2022.
Al Manar Group will distribute a range of products including motor oils, hydraulic oils, and other automotive fluids.
This comes as result of achieving self-sufficiency and increasing natural gas production after the implementation of 27 projects to develop natural gas fields.
The 26 stations include 114 electricity-generating units, which produced around 25,000 MW and helped the sector achieve an electricity surplus.
The Egyptian oil and gas sector plans to attract $10 billion investments in fiscal year (FY) 2019/20, adding to the $30 billion invested over the past three years.
Benban solar park, which is set to be the biggest in the world, attracted over $2 billion investments.
