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
ADNOC, ENOC and Petromin named in bid for Wataniya
Wataniya and the National Company for Natural Water Bottling, known as Safi are on offer
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.
Egypt, Norway sign agreement for new $450 mln green methanol production project
Egypt signed on Sunday a joint development agreement with Norway Scatec to establish the country first green methanol production project in Damietta Port with investments worth around $450 million
3.5Bln for Natural Gas Deliveries in Egypt This Year
The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.
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Volume 47th - February 2023