Egypt

Irrigation, Petroleum Ministers discuss joint projects to preserve water resources

Minister of Water Resources and Irrigation Hani Sweilam and Minister of Petroleum and Mineral Resources Tarek El-Molla discussed joint cooperation and the procedures for implementing the articles of the Water Resources and Irrigation Law No. 147 of 2021 regarding water licensing for petroleum facilities.

Egypt: Wintershall Dea has made a natural gas discovery in Abu Madi reservoir

Wintershall Dea has found natural gas in its Disouq concession in the onshore Nile Delta.

Egypt inaugurates new expansions to North Geisum Oil Field

Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the expansion of the North Jessum field in the Petrogulf concession area in the Gulf of Oil in the Eastern Desert

Egypt: SCZone to see $487mln new Chinese investments

Several Chinese companies are planning to make new investments of a total of $487 million into China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, the Suez Canal Economic Zone (SCZone) stated on May 27th.

Abu Qir launches a new company with EGP10 billion investments

Abu Qir Fertilizers established a new company named North Abu Qir for Agricultural Nutrients, with an authorized capital of LE 10 billion and paid-up capital of LE 1 billion.

Egypt: Abo Qir unveils new venture at $323mln authorised capital

Both Abu Qir Fertilizers and Egyptian General Petroleum Corporation will hold a 45% stake in the venture

Egypt Gas posts 23.6% YoY growth in Q1 net profits

Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks

Petroleum Ministry says US “Apache” enhance investments in Egypt

Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.