investments | Egypt Oil & Gas - Part 3

AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa

The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This ca ...

bp Inks Agreements for Business Growth in Azerbaijan

bp and its partners have signed a series of strategic agreements aimed at expanding their substantial oil and gas portfolio in Azerbaijan. The deals are set to drive future growth, boost production, and strengthen ...

Latest Oil, Gas Bid Round Attracts Market Interest, Results in August

Significant market demand was seen for the recently-closed bidding round for strategic exploration blocks spanning the Mediterranean Sea, Gulf of Suez, and Western Desert. Global and private-sector companies submi ...

QatarEnergy’s LNG Project in USA to Start Production by End of 2025

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its Nor ...

EGPC Board, Badawi Discuss Boosting Oil, Gas Investments

The Board Directors of the Egyptian General Petroleum Corporation (EGPC) convened under the Chairmanship of the Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting focused on increasing investme ...

Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D

The Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 ...

bp Shares Updates on New Mediterranean Region Discoveries

Minister of Petroleum and Mineral Resources Karim Badawi met with bP’s Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company's business progr ...

NIDC to Invest around $1 billion in Drilling Equipment

The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that the National Iranian Oil Company will invest $800 million to purchase 15 onshore drilling rigs this year. An additional $200 ...

Egypt, OCIOR Energy Discuss Boosting Clean Energy Investments

Within the framework of his current visit to India, Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Ranjit Gupta, the Founder and CEO of OCIOR Energy, to discuss ways to enhance cooperation in ...

Badawi Engages with Chevron, KNOC Leaders at CERAWeek 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corpora ...

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