investments | Egypt Oil & Gas - Part 36

Egypt Accepted 6 IOCs’ Oil, Gas Bids for $200m

Egypt has accepted six bids from international companies to drill 33 wells in six different areas for a total investment of $200m.

Egypt Seeks $30b in Oil, Gas Investments

Egypt seeks $30b in foreign investments within the next three years.

China Considers Gas Investments in Mozambique

The China National Petroleum Corporation (CNPC) has announced that it is considering investing in construction facilities for natural gas exploration and processing in Mozambique.

Sub-Saharan Africa Loses $100b in Oil, Gas Capital

Capital investment in the oil and gas industry in sub-Saharan Africa has witnessed a cut by $100b over the next five years, according to Wood Mackenzie’s latest report on upstream activity.

Sasol Drilled New Gas Well

Sasol Exploration and Production International has begun drilling a third well in its production-sharing agreement area in Mozambique.

Zarubezhneft Interested in Egypt’s Oil, Gas

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed possible oil and gas investments opportunities with a delegation from Russian state-owned energy company Zarubezhneft.

Egypt Ranked 122 in Business Index

Egypt moved up 9 spots on the World Bank Group’s Doing Business report for 2017 to rank 122 out of 189 countries. In the group's 2016 report, Egypt ranked 131.

El Molla Met with Japan’s Ambassador

Egyptian Minister of Petroleum, Tarek El Molla, met with Japan's Ambassador to Cairo, Takehiro Kagawa, to discussed bilateral cooperation between the two countries along investments opportunities in the oil and gas s ...

India to Invest $15b in Nigeria’s Oil, Gas

The Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, has negotiated a $15b investment with the Indian government for the oil and gas sector.

Shell Cut Burullus, Rasheed Investments

Royal Dutch Shell reduced its investments in Burullus and Rasheed gas fields to $158.9m for maintenance and operating expenses over the current fiscal year.

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