Petroleum Investments Record EGP 540 B in Five Years
Egypt saw a total of EGP 819 billion of investments from 2014 to 2020, of which 66% have been invested prior to December 2018 in 79 projects that cost EGP 540 billion.
Egypt saw a total of EGP 819 billion of investments from 2014 to 2020, of which 66% have been invested prior to December 2018 in 79 projects that cost EGP 540 billion.
Two seismic surveys in the Red Sea and southern Egypt have been carried out, which encourages the MoP to submit tenders to IOCs and promote exploration and production E&P in the region.
The 11 E&P projects in the oil and gas field will be located in the deep waters of the Mediterranean Sea, the Gulf of Suez, Delta and the Western Desert.
Egypt is carrying out six refining mega projects with $9 billion investments as a part of the oil and gas sector's Modernization Project.
The investments will be directed to several projects during fiscal year (FY) 2019/20, most importantly two exploration projects in cooperation with the Egyptian General Petroleum Corporation (EGPC) and WesternGeco ...
Developing the infrastructure and oil ports are two of the Ministry of Petroleum's main priorities in the framework of the government's work program, Egyptian Minister of Petroleum and Mineral Resources Tarek El M ...
The Egyptian oil and gas sector completed 24 projects over the past four years, investing $16.2 billion in the process, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has stated.
Engineering for the Petroleum & Process Industries (Enppi) signed contracts for implementing 12 national and international projects over the course of 2017.
The Petroleum Projects and Technical Consultations Company (Petrojet) recorded profits of EGP 23 billion during 2017, a 91% year-on-year (Y.o.Y) increase.
Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia.