oil investments | Egypt Oil & Gas

Chevron, Shell Near First Major Oil Deals in Venezuela After Maduro Capture

International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five source...

Malaysia Posts $9 B Oil, Gas Investments in Egypt during 2018

The Malaysian investments in Egypt’s oil and gas sector reached nearly $9 billion, Malaysian Ambassador to Cairo, Mohamed Abd Rahman, said during the inauguration of the Malaysian-Egyptian Business Forum in Cairo. Abd...

Bahrain’s Oil Investments Reach $8 B

Oil investments in Bahrain have recorded around $8 billion over the past few years, according to Bahrain’s Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa, Zawya reported citing Gulf Daily News. Al Khalifa ...

Egypt Invests EGP 1 T in Upstream Projects

The Ministry of Petroleum and Mineral Resources invested EGP 1 trillion in the oil and gas production projects, including $32.6 billion for the operating projects, $12.7 billion for the projects under establishment an...

Oil Minister: Egypt Is Committed to Improving Investment Climate

Speaking at the opening ceremony of the 8th Mediterranean Offshore Conference & Exhibition, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that Egypt is committed to continue the development of ...

Kuwait Committed to its Planned $100b Oil Investment

Kuwait is committed to its petroleum investment plans despite the prospect of low oil prices persisting, reported Arabian Business. Kuwait Petroleum Corporation (KPC) CEO, Nizar al-Adsani, said that the company was an...

Nigeria to Announce Direct Oil Cash Calls in 2016

Nigeria announced that it would seek international oil and gas investments via direct cash calls in 2016 channeled through the Nigerian National Petroleum Corporation (NNPC) and its six multinational Joint Ventures (J...

Dubai’s Kampac Oil to Invest Billions in Philippines Energy City

Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion, said a report. The bulk of the investments will be for the construction of Kampac Energy City...

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