Egypt

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.

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.

TAG Oil makes oil discovery in western desert of Egypt

More than 500 net barrels of oil were produced during the brief flowback.

Siemens Energy delivers 4 Mobile substations to quickly and temporarily support sustainable energy projects in Egypt

Collaborative consortium:SiemensEnergy,in consortium with Giza Systems,has successfully installed four mobile stations.