Egypt

Methanex Invests $2M to Support Youth Employment in Damietta

Methanex Egypt signed a new five-year partnership with the International Labor Organization (ILO) Cairo Office to support the Decent Jobs for Egypt’s Young People (DJEP) program.

Marking Two Decades of Excellence: TAQA Celebrates Milestones and Expands Service Footprint in Africa and Iraq

The Industrialization and Energy Services Company (TAQA), a leading well solutions provider to the energy industry, celebrated its 20th anniversary at Abdeen Palace in Cairo.

Cheiron eyes drilling $160mln natural gas wells in Egypt in H1 2024

Cheiron Petroleum Corporation has invested around $160 million to explore and produce natural gas in the West El Burullus Concession, south-east the Mediterranean, two government officials told Asharq Business.

Egypt’s $1.8B drilling spree led by Eni

Eni, the Italian multinational energy company, marked a significant milestone on 10 October as it initiated drilling operations for the Orion-1X exploration well in the Northeast Ha’py exploration license, situated in the offshore Nile Delta.

Egypt’s AMOC says refinery upgrade project on track

An Egyptian refining company which is partly owned by the government has said it is carrying out a project to upgrade its facilities to increase output.

ExxonMobil eyes expansion in Egypt soon

ExxonMobil Senior Vice President Loic Vivier to discuss the company expansion plans in Egypt

EBRD to provide Egypt with €165 loan to develop electricity grid

The European Bank for Reconstruction and Development (EBRD) is to grant a €165 million loan to Egypt to finance the upgrade of the electricity transmission grid, a venture that is also aimed at reducing pollutant emissions.

Shell, NPIC join race for military-owned Wataniya Petroleum

Shell, the global oil giant, has formed an alliance with Saudi Aramco to bid for Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), which is owned by the Egyptian military.