Projects | Egypt Oil & Gas - Part 9
GUPCO to Invest $503M in FY 2019/20
The Gulf of Suez Petroleum Company (GUPCO) has allocated $503 million dollars to be invested in several projects during fiscal year (FY) 2019/20, most importantly two exploration projects in cooperation with the Egypt...
El Molla Reviews Infrastructure Development Projects
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 Ta...
Egypt Completes 24 Hydrocarbon Projects Since 2014
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, Egypt Oil & G...
Enppi Signed Contracts for 12 Projects in 2017
Engineering for the Petroleum & Process Industries (Enppi) signed contracts for implementing 12 national and international projects over the course of 2017, said Mohamed Hathout, head of Enppi, Egypt Oil & Gas...
Petrojet Profits Exceed EGP 23 B in 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, company head Waleed Lotfy has stated, Egypt Oil & Gas repo...
Saipem Awarded New Contract in Saudi Arabia
Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia, Rigzone reported. The contract comes as a part of long-term agreement sealed in 2015 until 2...
China’s Bank Ready to Finance Petroleum Projects in Egypt
After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt. In ad... Eni Mulls Investment in Solar Power Projects in Africa
Italian oil major Eni is ready to spend hundreds of millions of euros in developing solar power projects in Africa, the group’s CEO, Claudio Descalzi told in a parliamentary hearing in Milan, Reuters reported. D... 
