Saudi Aramco Signs 12 Deals with South Korea
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.
investments | Egypt Oil & Gas - Part 27
Ministry of Petroleum to Implement 11 New Projects
The total investments of these projects will reach $15 billion by H2 of 2022.
Al Manar, Total Sign Lubricants Distrbution Agreement
Al Manar Group will distribute a range of products including motor oils, hydraulic oils, and other automotive fluids.
Ministry of Petroleum to Implement 11 New Projects with $15 B Investments
This comes as result of achieving self-sufficiency and increasing natural gas production after the implementation of 27 projects to develop natural gas fields.
Egypt Establishes 26 Power Plants in 5 Years
The 26 stations include 114 electricity-generating units, which produced around 25,000 MW and helped the sector achieve an electricity surplus.
Egypt to Attract $10 B Petroleum Investments in FY 2019/20
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 Attracts over $2 B Investments
Benban solar park, which is set to be the biggest in the world, attracted over $2 billion investments.
Qarun Petroleum Company Increases Oil Output
Qarun plans to boost its output to over 45,000 b/d by the end of 2020 as it explores, develops, and operates new concessions in the Western and Eastern Deserts.
Petroleum Investments Record EGP 540 B in Five Years
Egypt saw a total of EGP 819 billion of investments from 2014 to 2020, of which 66% have been invested prior to December 2018 in 79 projects that cost EGP 540 billion.
Egypt to Invest $1.5 B in 4 Petrochemical Projects
The Egyptian Ministry of Petroleum plans to allocate $1.5 billion over four years to expand the petrochemical industry through four new petrochemical projects.
