US-based oilfield service provider NESR acquires Egypt’s SAPESCO for $21 million
Texas-based National Energy Services Reunited (NESR) enters Egyptian market with USD 21 million purchase of Egypt’s SAPESCO: US-based MENA and Asia Pacific oilfield service provider National Energy Services Reunited (NESR) closed last week its USD 21 million acquisition of Egypt’s Sahara Petroleum Services Company (SAPESCO), according to a press release from Matouk Bassiouny & Hennawy, […]
Egypt signs two oil and gas exploration agreements with Sahara and OSOCO
Egypt’s Petroleum Minister Tarek al-Molla signed two agreements for oil and gas exploration in the Western Desert and the Suez Canal regions on Tuesday. According to the ministry’s statement, the first deal was signed with the Egyptian General Petroleum Corporation (EGPC) and Sahara for Oil and Gas with a total investment worth at least $30 […]