NSPO | Egypt Oil & Gas

Madbouly Oversees Signing of Agreements for NSPO-Affiliated Companies

Prime Minister Mostafa Madbouly witnessed the signing of several cooperation agreements between the Sovereign Fund of Egypt for Investment and Development (TSFE), the National Service Projects Organization of the Arme...

Egypt’s NSPO Acquires 20% Stake in TAQA ARABIA for EGP 1.6B

The National Service Projects Organization (NSPO) has acquired a 20% stake in TAQA Arabia, an equivalent of 27.5 million shares, at a price of EGP 1.6 billion (or $52.75 million), Al Ahram Newspaper reported. The acqu...

SFE Widens Scope for Wataniya Buyers

The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers of 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman told Reuters. The SFE is helping in selling the military’s National S...

SFE Offers Wataniya to Private Sector Investors

The Sovereign Fund of Egypt (SFE) has selected Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), to be offered to private sector investors as a first stage and then will be offered...

Gastec Launches New Natural Gas Station in Qena

The Egyptian International Gas Technology (Gastec) began operational trial for a new natural gas supply station in Qena, according to a statement.  The new station is Gastec’s second station in the governorate. Per th...

Car Gas Starts Trial Operations in Hurghada Natural Gas Station

Natural Gas Vehicles Company (Car Gas) began a trial operation to the first natural gas supply station in collaboration with the National Service Products Organization’s (NSPO) Watanya in Hurghada, Red Sea, according ...

Enppi, NSPO to Establish Greenhouse Complex in Fayoum

Enppi and the National Service Products Organization (NSPO) signed a contract to establish a greenhouse complex in Lahoun, Fayoum, according to a statement. Per the agreement, the project will cover an area of 16,500 ...

Abdel Baset El Sayeh Appointed as RSNCRP Chairman

The founding assembly of the Red Sea National Company for Refining and Petrochemicals (RSNCRP) has selected Major General Eng. Abdel Baset El Sayeh as its new Chairman, PFN reported. RSNCRP is a joint venture (JV) bet...

Petroleum Sector Signs Agreement to Push for Bi-Fuel Vehicles

The petroleum sector and the National Service Project Organization (NSPO) signed a cooperation agreement to  introduce more bi-fuel cars into the market, Egypt Oil & Gas reports. Mohsen El Mahallawy, the National ...

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