investments | Egypt Oil & Gas - Part 41
Oil Minister: Apache to Invest $1b in Egypt in FY 2016-17
Apache Corporation has allocated $1b in new investments in Egypt in its fiscal year 2016-17 budget, Tarek El Molla, Minister of Petroleum, announced, following a meeting in Cairo with Apache CEO, John Christmann, acco...
Kuwait Energy Announces New Oil Exploration Investments in Egypt
Kuwait Energy CEO, Eng. Sara Akbar, said the company plans to pump more investments in the development of oil exploration fields in Egypt during the coming period in addition to its overall investment portfolio in the...
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 end of March, All Af...
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, Oil&Gas Euroasia rep...
Foreign Oil Investments in Egypt Total $7.5b in FY 2016-2017
Foreign energy companies investments in exploration, and development in Egypt’s oil sector in the next fiscal year amount to around $7b, according to Daily News Egypt. An official with the Ministry of Petroleum said t...
GCC Targets 10GW Renewables Expansion by 2020
The GCC’s solar capacity is expected to reach 10GW by 2020, representing a market opportunity of at least $10b, according to experts from the International Renewable Energy Authority (Irena), who were cited by Trade A... 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 re...
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, reported BBC News. The money is ear...
