investments | Egypt Oil & Gas - Part 33

DEA to Increase Investments in Disouq, Gulf of Suez

DEA Deutsche Erdoel AG has plans to inject more investments in Disouq and the Gulf of Suez, DEA’s CEO, Maria Moraeus Hanssen, stated.

Merlon to Invest $66 M in E&P in Egypt

Merlon has allocated $66 million investments in fiscal year (FY) 2-18/2019 budget for exploration and production E&P operations in Egypt.

Egypt Supports Initiative to Balance Global Petroleum Markets

Egypt supports any procedures and initiatives taken to keep the global oil and gas market balanced, which comes with mutual benefits for both producers and consumers alike.

Egypt Expects to Garner over $40B in Energy Investments

The Zohr, North Alexandria, and Nooros natural gas fields will receive investments worth $27.3 billion in 2018.

Egypt, UK Discuss Cooperation in Oil & Gas Sector

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the United Kingdom’s Trade Envoy, Jeffrey Donaldson, to discuss investment options in Egypt's oil and gas sector,

IOC Investments in Oil & Gas Rise to $10B

Investments in Egypt’s oil and gas sector by international oil companies (IOCs) rose to $10 billion during 2017.

IOCs Increase Investments in Egypt by 22.7%

International oil companies (IOCs) increased their investments in Egypt to $8.1 billion during fiscal year (FY) 2016/2017, up 22.7% from the $6.6 billion invested in FY 2015/2016

El Molla Meets With Australia Ambassador to Egypt

Minister of Petroleum, Tarek El Molla, met with Australian Ambassador to Egypt, Neil Hawkins, to discuss cooperation between the two countries.

South Sudan Targets Increasing Oil Investments

South Sudan has invited more oil companies to invest in exploration, production and distribution.

Amer: CBE to Pay $750m to IOCs by June

Tarek Amer, said that the CBE will pay $750m of arrears to International Oil Companies( IOCs) by June 2017.

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