Stake Sale | Egypt Oil & Gas

EKH Sells 63.39% Stake in Delta Insurance to Al Wafa for EGP 3.2 Bn

EKH completes the sale of its 63.39% stake in Delta Insurance to Al Wafa Insurance for EGP 3.169 billion ($67 million). The company, set to be renamed Valmore Holding, simultaneously reported a 32% YoY rise in H1 ...

Eni Sells 49.9 % of its CCUS subsidiary to GIP

Eni signed an agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock, for selling a share of 49.99% in Eni CCUS Holding, a leading global player in ...

NIPCO Acquires ExxonMobil’s 60% Stake in Mobil Oil Nigeria

NIPCO Investments Limited completed the acquisition of the 60% majority equity stake of ExxonMobil Oil Corporation in Mobil Oil Nigeria Plc.

Solo to Buy 10% of Helium One’s Assets in Tanzania

Solo Oil, a natural resources investment company, has negotiated the acquisition of a 10% interest in Helium One Limited for a total consideration of $3.19m.

ExxonMobil to Buy 25% of Eni’s LNG Offshore Mozambique

ExxonMobil Corp. announced it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy’s Eni for about $2.8b.

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