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Between 2014 and 2023, the Egyptian government invested LE1.2 trillion in the oil and gas sector, evidenced by completed projects worth LE844.2bn and others in-progress worth LE344bn.
03.10.2023 egypttoday.com
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Egypt has converted 507,000 vehicles to run on natural gas as part of its national initiative meant to replace old cars that use traditional gasoline.
01.10.2023 Ahram Online
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Egypt engages directly in the oil derivatives market to lock in supplies, becoming a significant market player. An official revealed that Egypt has purchased hedging contracts covering 35% of its expected oil imports.
28.09.2023 EgyptToday
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The companies paid $7.5 million in signature bonuses and have committed to investments totalling about $281 million.
27.09.2023 upstream online
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Egypt has unveiled a new licensing round, offering up 23 diverse onshore and offshore blocks in proven basins and in frontier areas.
26.09.2023 upstream online
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Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell.
25.09.2023 Ahram Online
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The targeted investments in the petroleum sector until the end of the current fiscal year are estimated at between 8.5 and 9 billion dollars.
25.09.2023 See news
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ADNOC Distribution, the UAE's largest fuel and retail distributor, inaugurated its first fuel service station in Egypt, read an official statement.
24.09.2023 ahram online
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The Gasco project is expected to provide employment opportunities for about 2,500 workers with an investment cost of about $380 million.
24.09.2023 Asharq Alawsat
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The OPEC Fund for International Development supports food security in Egypt with a $10 million allocation for commodities imports. This is part of a $200 million trade finance facility in collaboration with ITFC.
21.09.2023 EgyptToday
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