UAE | Egypt Oil & Gas - Part 2

Al Mazrouei: UAE to Invest AED 150-200B by 2030 in Securing Energy Demand

The UAE’s Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei, announced that his county will invest between AED 150-200 billion by 2030 to meet energy demand while sustaining economic growth in ...

Dana Gas Increases Foreign Ownership Limit to 100%

Dana Gas, the Middle East’s largest regional private sector natural gas company, has received regulatory approval to increase foreign ownership in the Company’s shares, in line with the UAE’s new Commercial Compan ...

UAE’s ADNOC, Taqa and Mubadala Become Shareholders in Masdar

Abu Dhabi's National Oil Company (ADNOC), Taqa and Abu Dhabi sovereign wealth fund Mubadala Investment Company announced on Wednesday they would all become shareholders in Masdar, the Emirate's flagship clean ener ...

Egypt, UAE Sign MoU for Major Onshore Wind Project Development at COP27

Egyptian President Abdelfattah El Sisi and UAE President Sheikh Mohammed bin Zayed Al Nahyan witnessed the signature of a memorandum of understanding (MoU) to develop an ambitious 10 gigawatt (GW) onshore wind pro ...

ADNOC to Pump More Investments into Egypt’s Petroleum Sector

On the sidelines of his participation in the Abu Dhabi International Petroleum Conference and Exhibition “ADIPEC 2022”, Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, held a joint session of ...

ADNOC Drilling Wins $1 Billion Contract to Unlock Offshore Energy Resources in UAE

Abu Dhabi National Oil Company (ADNOC) awarded $980 million contract to ADNOC Drilling to hire two jack-up offshore rigs and associated manpower and equipment. The contract will assist ADNOC in increasing its prod ...

Egypt, UAE Discuss New Investment Opportunities

El Molla stated that Egypt welcomes Emirati investments in the various petroleum sectors, pointing to the promising investment opportunities that Egypt abounds in.

ADNOC Identifies $19B Worth of Local Manufacturing, Private Sector Opportunities

ADNOC (Abu Dhabi National Oil Company) announced today that it identified $19 billion worth of products it could manufacture locally in its procurement pipeline.

Egypt Examines Cooperation Opportunities with Mubadala Petroleum

Minister of Petroleum and Mineral Resources Tarek El Molla has met the CEO of UAE’s Mubadala Petroleum Mansour Al-Hamed to discuss cooperation opportunities and investments in Egypt.

Egypt, UAE Seek to Boost Renewable Energy, Natural Gas Cooperation

Prime Minister Mostafa Madbouly held a meeting to boost cooperation and joint investments with the UAE in energy, especially in renewable energy and the development of natural gas fields.

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