investments | Egypt Oil & Gas - Part 29
Egypt Establishes 26 Power Plants in 5 Years
The Egyptian electricity sector successfully established 26 power plants over five years, sources at the Ministry of Electricity told Amwal Al Ghad. The 26 stations include 114 electricity-generating units, the source...
Egypt to Attract $10 B Petroleum Investments in FY 2019/20
The Egyptian oil and gas sector plans to attract $10 billion of investments in fiscal year (FY) 2019/20, adding to the $30 billion invested over the past three years, an industry head stated, according to Zawya. Accor...
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, said World Bank (WB) President, David Malpass, during his visit to Benban solar park in Aswan on May 5, according ...
Qarun Petroleum Company Increases Oil Output
Qarun Petroleum Company increased its production capacity of crude oil and condensates to around 28,000 barrels per day (b/d), Ashraf Abdel Gawad, head of the company, told Amwal Al Ghad. Qarun plans to boost its outp...
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, Al Mal News quoted the Egyptian Cabinet’s b...
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, said Tarek El Molla, Minister of Petroleum, Egypt Oil &am...
El Molla, Perry Discuss US Investments in Egypt
Minister of Petroleum, Tarek El Molla, met with US’ Secretary of Energy, Rick Perry, to discuss US investments in the Egyptian oil and gas sector, Egypt Oil & Gas reports. During the meeting taking place on the si...
Exxonmobil to Strengthen its Presence in Egypt
Exxonmobil seeks to strongly participate in exploration and production (E&P) activities in Egypt and enhance its presence in the country’s oil and gas sector as the company invests in Egypt for the first tim...
