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Investment News in Egypt

New Investment for DEA in the Gulf of Suez
New Investment for DEA in the Gulf of Suez 3/7/2019 - DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum an...
Eni's Overall Investments in Egypt Total $13 Billion Since 2015
Eni's Overall Investments in Egypt Total $13 Billion Since 2015 1/16/2019 - Major Italian oil company Eni has had overall investments of $13 billion in Egypt since 2015, the CEO of the company Claudio Descalzi told Egypt’s President Abdel-Fattah El-Sisi in a meeting in Cairo....
OPIC Board Approves More Than $1.3B to Development Projects
OPIC Board Approves More Than $1.3B to Development Projects 12/13/2018 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, on Thursday approved more than $1.3 billion in financing and political risk insurance across ...
Spanish Interest to Invest in the Oil & Gas Industry in Egypt
Spanish Interest to Invest in the Oil & Gas Industry in Egypt 12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting economic relations between the two countries in th...
Petroleum Minister & Petronas Disscus Activities in Egypt
Petroleum Minister & Petronas Disscus Activities in Egypt 10/26/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with President and CEO of Malaysia’s Petronas Wan Zulkiflee means of boosting the Malaysian firm’s activities and investments in Eg...
United Energy Group Will Invest in Egypt
United Energy Group Will Invest in Egypt 10/18/2018 - In Recent, Zhu Junfeng, CEO of United Energy Group, Mansour Bukhamseen, Board Chairman of Kuwait Energy Company and their delegators visited and met with Tarek Molla, Egypt Petroleum Minister. Molla w...
ITFC Implements $3B through 2 Financing Agreements to Support Egypt
ITFC Implements $3B through 2 Financing Agreements to Support Egypt 9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General P...
Egypt & Vietnam Ink Petroleum MoU
Egypt & Vietnam Ink Petroleum MoU 8/28/2018 - President Abdel Fattah El Sisi and his Vietnamese counterpart Tran Dai Quang witnessed the signing of several deals and memorandums of understanding aimed at promoting cooperation between the two coun...
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018 8/24/2018 - Foreign investment in Egypt’s oil and gas sector rose to $10 billion in the 2017-2018 financial year, Petroleum Minister Tarek El Molla said in an interview with state-run Al Ahram newspaper published...
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt 7/27/2018 - The European Investment Bank (EIB) has signed a financing agreement worth EUR 375 million with the National Bank of Egypt (NBE) to fund investments by small and medium-sized enterprises (SMEs) and mid...
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields 6/21/2018 - Italian energy company Eni has so far invested $8.4 billion in Egypt's offshore Nooros and Zohr gas fields and is planning to make a $3 billion new investment in the near future, CEO Claudio Descalzi ...
EBRD Finances Upgrade of Egypt’s Suez Refinery
EBRD Finances Upgrade of Egypt’s Suez Refinery 5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishment of the oil refinery owned by Suez Oil Processi...
Egypt & European Union Signed a Strategic Cooperation in Energy
Egypt & European Union Signed a Strategic Cooperation in Energy 4/23/2018 - In the context of Climate Action and Energy Commissioner Miguel Arias Canete’s visit to Egypt, the first ever EU-Egypt Sustainable Energy Forum took place in Cairo. The Forum counted with the presence...
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19 4/22/2018 - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said. ...
Egypt's Petroleum Ministry & Baker Hughes Sign Cooperation Agreement
Egypt's Petroleum Ministry & Baker Hughes Sign Cooperation Agreement 2/13/2018 - The Egyptian Petroleum Ministry signed an agreement with Baker Hughes, a GE company, to establish an online portal to promote Egypt's oil and gas exploration zones in a bid to attract foreign investme...
President Sisi Inaugurates Second Edition of Egypt Petroleum Show
President Sisi Inaugurates Second Edition of Egypt Petroleum Show 2/12/2018 - President Abdel-Fattah El-Sisi inaugurated the second edition of the Egypt Petroleum Show (EGYPS), which brings together oil and gas industry executives and policy makers to showcase investment opport...
Energy Group DEA to Invest $500M in Egypt Oilfields
Energy Group DEA to Invest $500M in Egypt Oilfields 2/11/2018 - Energy group DEA plans to invest nearly $500 million in developing its oilfields in Egypt over the next three years, its chief executive office said. ...
Egypt & Kuwait Talk for Investment Opportunities
Egypt & Kuwait Talk for Investment Opportunities 2/5/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources recieved Dr. Abby Badawi, CEO of Kuwait Energy Company and Eng. Manssour Aboukhamseen, Executive chairman of the company, as well as En...
Exxon Eyes Egypt's Offshore Oil and Gas
Exxon Eyes Egypt's Offshore Oil and Gas 12/4/2017 - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. ...
$27.3b to be Invested in Egypt’s Zohr, North Alexandria, Nooros Fields
10/24/2017 - Investments worth $27.3 billion will be put towards three Egyptian natural gas fields -- Zohr, North Alexandria, and Nooros -- in 2018, Oil Minister Tarek El Molla said in press statements, according ...

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