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Investment News in Egypt

Political, Economic Stability Attracted Investments to Egypt
Political, Economic Stability Attracted Investments to Egypt 7/29/2020 - Minister of Oil Tarek el Mulla said that political and economic stability of Egypt led to increasing foreign investments into the Egyptian energy sector despite the impact of the coronavirus. ...
$2.8bn Value of Investment Costs of Three Refining Projects
$2.8bn Value of Investment Costs of Three Refining Projects 6/24/2020 - The Higher Committee for Petroleum Projects under Petroleum Minister Tarek El Mulla discussed new oil refining projects. ...
APICORP Commits $792B for 2020-2024 in the MENA’s Energy Sector
APICORP Commits $792B for 2020-2024 in the MENA’s Energy Sector 6/15/2020 - - Committed and planned energy investments in APICORP’s 2020-24 investment outlook amount to USD792bn, a USD173mn drop compared to USD965bn in 2019-2023 ...
Egypt's Sisi Discusses Cooperation with Bechtel and BP
Egypt's Sisi Discusses Cooperation with Bechtel and BP 2/11/2020 - President Abdel-Fattah El-Sisi met with the CEO of Bechtel Corporation, Brendan Bechtel, in Cairo, and discussed ways to boost cooperation with the US firm. ...
EBRD Becomes Shareholder in Egypt’s Infinity Energy
EBRD Becomes Shareholder in Egypt’s Infinity Energy 1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares. ...
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum 12/4/2019 - Egypt inked an executive agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), to support Egypt's essential logistic and petroleum ...
Apache Corp Plans to Increase Investments in Egypt
Apache Corp Plans to Increase Investments in Egypt 10/17/2019 - Apache oil corporation has plans to boost investments in Egypt through using the cutting-edge oil and gas exploration technologies, said John J. Christmann, the President, Chief Executive Officer and ...
Egypt & France Ink Two Grant Agreements Worth €71M
Egypt & France Ink Two Grant Agreements Worth €71M 10/8/2019 - Egypt’s ministers of investment and electricity inked two grant agreements with the French Development Agency (FDA) that aim to boost Egypt’s energy and natural gas sectors with a total of €71 million...
Egypt Seeks More Investments in Mining Sector
Egypt Seeks More Investments in Mining Sector 10/4/2019 - Egypt and two world companies discussed boosting cooperation in the mining domain. ...
EGYPS 2020 Opens New Horizons for Luring Arab, Foreign Investments
EGYPS 2020 Opens New Horizons for Luring Arab, Foreign Investments 9/29/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla has said the Egypt Petroleum Show (EGYPS 2020) is expected to open up new horizons for luring Arab and foreign investments, given the great s...
Egypt & US Sign MoU on Cooperation in Energy Field
Egypt & US Sign MoU on Cooperation in Energy Field 7/26/2019 - Egypt's Ministry of Petroleum and Mineral Wealth and Ministry of Electricity and Renewable Energy signed with the US Department of Energy a memorandum of understanding on cooperation in the field of e...
New Investment for DEA in the Gulf of Suez
New Investment for DEA in the Gulf of Suez 3/7/2019 - DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum an...
Eni's Overall Investments in Egypt Total $13 Billion Since 2015
Eni's Overall Investments in Egypt Total $13 Billion Since 2015 1/16/2019 - Major Italian oil company Eni has had overall investments of $13 billion in Egypt since 2015, the CEO of the company Claudio Descalzi told Egypt’s President Abdel-Fattah El-Sisi in a meeting in Cairo....
OPIC Board Approves More Than $1.3B to Development Projects
OPIC Board Approves More Than $1.3B to Development Projects 12/13/2018 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, on Thursday approved more than $1.3 billion in financing and political risk insurance across ...
Spanish Interest to Invest in the Oil & Gas Industry in Egypt
Spanish Interest to Invest in the Oil & Gas Industry in Egypt 12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting economic relations between the two countries in th...
Petroleum Minister & Petronas Disscus Activities in Egypt
Petroleum Minister & Petronas Disscus Activities in Egypt 10/26/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with President and CEO of Malaysia’s Petronas Wan Zulkiflee means of boosting the Malaysian firm’s activities and investments in Eg...
United Energy Group Will Invest in Egypt
United Energy Group Will Invest in Egypt 10/18/2018 - In Recent, Zhu Junfeng, CEO of United Energy Group, Mansour Bukhamseen, Board Chairman of Kuwait Energy Company and their delegators visited and met with Tarek Molla, Egypt Petroleum Minister. Molla w...
ITFC Implements $3B through 2 Financing Agreements to Support Egypt
ITFC Implements $3B through 2 Financing Agreements to Support Egypt 9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General P...
Egypt & Vietnam Ink Petroleum MoU
Egypt & Vietnam Ink Petroleum MoU 8/28/2018 - President Abdel Fattah El Sisi and his Vietnamese counterpart Tran Dai Quang witnessed the signing of several deals and memorandums of understanding aimed at promoting cooperation between the two coun...
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018 8/24/2018 - Foreign investment in Egypt’s oil and gas sector rose to $10 billion in the 2017-2018 financial year, Petroleum Minister Tarek El Molla said in an interview with state-run Al Ahram newspaper published...

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