investments | Egypt Oil & Gas - Part 5

Khalda Petroleum to Pump Investments Worth $1.2B During FY 2024/25

Saeed Abdel Moneim, Chairman of Khalda Petroleum Company, has announced that the company will pump investments worth $1.2 billion and drill 42 exploratory wells, in addition to other 81 development wells in the We ...

bp to Invest $1.5B in Egypt

bp is gearing up to invest around $1.5 billion in Egypt, to develop gas projects and drilling over the upcoming three to four years, Reuters reported.

Egypt, Japan Seek Stronger Cooperation in the Energy Sector

Minister of Petroleum and Mineral Resources Tarek El Molla has held talks with the Japanese Ambassador Oka Hiroshi, in attendance of several Japanese officials, exploring investment opportunities available to Japa ...

TAQA to Inject More Investments in Egypt Over Next Two Years

Executive Vice President for Well Solutions at TAQA Amir Naseem has stated that Egypt is one of the strategic countries in which TAQA seeks to pump more investments during the coming two years.

IPR to Invest $110M in Drilling New Wells in Alamein, Fayoum

Minister of Petroleum and Mineral Resources Tarek El Molla and Chairman of IPR Mahmoud Dabbous have held a meeting to discuss the company’s results and latest projects on the sidelines of EGYPES 2024.

bp Drills Two Wells for Raven Field Development

bp CEO Murray Auchincloss has announced that the company is drilling two wells as part of its development plan for Raven field, highlighting the company’s interest in pumping more investments in its projects in Eg ...

European Commission Director General for Energy Praises Egypt’s Renewable Energy Potential

Director-General for Energy at the European Commission Ditte Juul Jørgensen has stated that Egypt has great potential for renewable energy that can be used and expand its projects.

El Molla: GPC’s Growth Reflects Clear Vision and Investment Boost

During the general assembly of the General Petroleum Company (GPC), Minister of Petroleum and Mineral Resources Tarek El Molla has explained GPC’s recent progress in production came as a result of a clear business ...

Egypt, Saudi Arabia’s ACWA Seal $4B Deal to Develop Green Hydrogen Project

Saudi-listed ACWA Power has announced that it has signed the framework agreement, to develop the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, with inv ...

Egypt, Belgium Seek to Boost Energy Investments at COP28

Minister of Petroleum and Mineral Resources Tarek El Molla has met with the Belgian Minister of Energy, Timne Van der Straeten, on the sidelines of COP 28 discussing the available investment opportunities in Egypt ...

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