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Tag: Investment
Bloomberg Markets

Egypt planning new Oil & Gas production contracts to attract investors

Posted: October 18, 2018 at 12:58 pm   /   Oil & Gas

New, simpler terms for exploration in country’s frontier areas. Egypt seeks investment as it targets gas shipments to Europe. Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous […]

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UEG-KEC

United Energy to raise Egypt investment, participate in upcoming Bid Rounds

Posted: October 18, 2018 at 12:37 pm   /   Oil & Gas

Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]

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Dragon Oil

Egypt part of Dragon Oil’s $500 million regional investment budget?

Posted: October 14, 2018 at 6:52 pm   /   Oil & Gas

Egypt in line for a chunk of Dragon Oil’s USD 500 million regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 million next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k bbl/d of oil by […]

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Zarou

Blackstone launches new MENA focused Energy Development Company

Posted: October 9, 2018 at 3:48 pm   /   Oil & Gas, Renewables

Private Equity Funds managed by Blackstone today announced a partnership with an experienced management team, led by Sameh Shenouda, the former Head of Infrastructure Equity Investments at CDC Group, the UK government-owned Development Finance Institution (DFI) , to create Zarou, a company fully owned by Blackstone.  Zarou will develop, finance, construct and operate energy-related projects […]

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KarmSolar

KarmSolar to raise EGP 500 million for first phase of expansion plan

Posted: September 15, 2018 at 7:58 pm   /   Renewables

Attijari Finances signs an agreement with KarmSolar to act as Advisor and coordinator for the fastest growing Egyptian solar energy company. KarmSolar, Egypt’s fastest growing solar energy solutions company, has signed an agreement with Attijari Finances to act as KarmSolar’s global advisor and coordinator for the company’s equity fundraising process. This move comes as part […]

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Tahrir Petrochemicals

Carbon Holdings says construction on TPC could start in 1Q2019

Posted: September 12, 2018 at 1:32 pm   /   Oil & Gas

Carbon Holdings expects to break ground on the first phase of its Tahrir Petrochemicals Complex (TPC) early in 2019 after it reaches financial close on the USD 10.9 billion project late this year, Managing Director of Corporate Finance and Investor Relations Karim Helal tells Al Masry Al Youm. The company had previously announced plans to […]

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Hesham Mekawy

BP plans to invest $2 billion in Egypt next year – Mekawi

Posted: September 12, 2018 at 1:28 pm   /   Oil & Gas

BP is planning to invest USD 2 billion in Egypt in 2019, BP North Africa Regional President Hesham Mekawi tells Al Shorouk in an interview. BP Group CEO Bob Dudley had said back in February that the firm was investing USD 1 billion in 2018. Mekawi suggested that BP invested a total of USD 2.5 […]

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ERC

Qalaa looks to increase its stake in Egyptian Refining Company ERC

Posted: September 5, 2018 at 12:27 pm   /   Oil & Gas

Qalaa Holdings is in talks to increase its stake in the Egyptian Refining Company (ERC) through a capital increase, Managing Director Hisham El Khazindar said yesterday. The refinery is now 98% complete and is expected to be a major driver of revenue expansion starting next year. El Khazindar told Al Mal that trial operations at […]

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PM Eni

Egypt’s PM, Eni’s CEO discuss future of oil & gas discoveries

Posted: August 29, 2018 at 2:29 pm   /   Oil & Gas

PM Mostafa Madbouly and Eni CEO Claudio Descalzi discuss future of oil and gas discoveries in the country. Prime Minister Mostafa Madbouly held a meeting on Tuesday with Eni CEO Claudio Descalzi on the future of oil and gas discoveries in Egypt, state agency MENA reported. During the meeting, Madbouly expressed his appreciation for the […]

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BP

BP invested $35 billion in Egypt over five years – Regional President

Posted: August 29, 2018 at 1:43 pm   /   Oil & Gas

BP produces 10% of Egypt’s oil, condensates production, 50% of gas, says Mekkawi. Hesham Mekkawi, regional president of BP, North Africa said that the company’s investments have amounted to $35 billion in 5 years in Egypt. He added that the investors are BP’s activity in Egypt is in the exploration and production of oil and […]

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