investments | Egypt Oil & Gas - Part 40
Egypt, Saudi Aramco Ink Petroleum Deal for Five Years
Egypt has signed a deal with Saudi Aramco stipulating that the Saudi company would supply the country with petroleum products for five years, the Egyptian Ministry of Petroleum said in a statement.
Iran’s Oil Industry Is in Need of $200b in Investments
Iran's Ministry of Petroleum stated that the country's oil industry is in need of $200b in investments in the upstream and downstream sectors as the domestic fund are insufficient.
Foreign Oil Investments in Egypt Total $7.5b in FY 2016-2017
Foreign energy company investments in research, exploration and development in Egypt’s oil sector in the next fiscal year amount to around $7b.
GCC Targets 10GW Renewables Expansion by 2020
The GCC’s solar capacity is expected to reach 10GW by 2020, while the MENA region is expected to attract $35b worth of renewable energy investments every year by 2020, said experts from the International Renewable En ...
El Molla: Egypt to Aim for Mining Sector Expansion, Efficiency
Egyptian Petroleum Minister Tarek El Molla stressed the importance of achieving optimum efficiency and value added of the processing of the country’s mineral wealth, while also implementing appropriate policies and r ...
Nigeria To Boost Expenditure as Oil Deficit Widens
Nigerian President, Muhammadu Buhari announced plans to raise the government spending to $31b, up 20% in 2016 through extensive borrowing at home and abroad amid falling oil prices.
Argentina to Cut Energy Subsidies, Lure Investors
Argentina's newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors' confidence in the country through enhancement of business conditions.
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.
