Egypt

Chevron to pump $3bln into Narges field development over 2 years

Published on : 2023-09-20

The US-based Chevron will inject initial investments worth $3 billion to develop Narges natural gas field in the Egyptian Mediterranean waters during the first half (H1) of 2024, Asharq Business reported on September 19th, citing unnamed government source familiar with the matter.

Chevron Holdings and IEOC Production, a subsidiary of the Italian company Eni, each own a 45% stake in the field.

Egypt expects natural gas reserves in the Narges field to reach between 2 and 2.5 trillion cubic feet.

Egypt Buys Immediate LNG Shipment, Eyes Monthly Imports

The Egyptian Natural Gas Holding Company (EGAS) has secured a new immediate liquefied natural gas (LNG) shipment

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.