Oil | Egypt Oil & Gas - Part 20
Egypt, Iraq Sign Oil Exports Agreement
The Iraqi ambassador to Cairo Habib Mohamed Hady Al-Sadr said that the Iraqi Oil Marketing Company (SOMO) has signed a contract for oil exports with the Egyptian government, El Ahram informed. Al Sadr added that SOMO ...
UAE: Arab Energy Companies to Inject Investments in Egypt
Two Arab Energy Companies are willing to expand their work in the Egyptian petroleum sector, Al Borsa informed. UAE’s Safwan Company devoted $2m for initial investments in the Egyptian oil market. The company...
MENA to Invest $294b in Oil Sector
According to MEED Insight’s MENA Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the Middle East and North Africa (MENA) region, even as concerns abo...
Ismail: Energy is the Gate to Development
In his opening speech at Egypt Petroleum Show, the Egyptian Prime Minister, Sherif Ismail, said that energy is one of the most important ways to reach Egypt’s aspirations and goals towards development, Al Borsa ...
IOCs to Step up Investments in Egypt
At Egypt Petroleum Show (EGYPS 2017), major international oil companies (IOCs) said they plan to step up their investments in Egypt, expecting to find more oil and gas now that Eni’s giant Zohr gas discovery has... Egypt’s Oil ,Gas and Mining Investments Increase by 3.9%
An official source at the Egyptian Ministry of Petroleum and Mineral Resources said that Egypt’s investments in oil, gas, and mining sectors rose 3.9 % to $15 b during the first quarter of financial year 2016/2017, Am...
Nigeria Seeks $16.4b through Asset Sales
Nigeria’s Federal Government plans to generate up to $16.4b through asset sales in the next four years to reduce the burden on the nation’s budget, All Africa informed. According to Bloomberg, the sales will hel...
AMOC to Offer Shares on Stock Market
The Chairman of Egypt’s Alexandria Mineral Oils Company (AMOC), Amr Mostafa, said that the company plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global deposit...
