Xodus Appoints First General Manager for Egypt Office

• Tuesday, 6th February 2018
• by Sarah Samir

Xodus Group appointed Salah Farid Tantawy as its first general manager in Egypt. The decision comes as Xodus plans to boost its track record in the North African country and aims for new contracts, Egypt Oil & Gas...

BP Eyes Gas Production Rise in Atoll Field

• Monday, 8th August 2016
• by Sarah Samir

The Egyptian Minister of Petroleum, Tarek El Molla stated to Al-Borsa News that BP eyes boosting Atoll field production from the current 200mcf/d to 300mcf/d of gas by December 2018. BP has invested $3.8b in the devel...

NBE’s Loans to the Petroleum Sector Amount 40bn

• Monday, 17th August 2015
• by Egypt Oil & Gas

Ayman Yassin, Head of Corporate Banking Group at the NBE told Daily News Egypt in an interview that the petroleum sector’s loan for the fiscal year of 2014/2015 had reached 40bn, in comparison with 27bn in the f...

IFC to Give $50m Loan to Egypt’s PICO

• Sunday, 5th July 2015
• by Egypt Oil & Gas

IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World’...