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Tag: UAE
WEC

El Molla talks investment in Egypt with Heads of UAE Oil Companies at WEC

Posted: September 12, 2019 at 7:15 pm   /   Oil & Gas

Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a Ministry statement. El Molla also discussed the ongoing cooperation in airplane refueling in Egyptian airports with Emirates National […]

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Maridive

UAE-based investor Najjad Zeenni acquires $37 mn stake in Maridive

Posted: July 15, 2019 at 3:12 pm   /   Oil & Gas

Maridive & Oil Services’ board of directors has approved an offer by UAE-based investor Najjad Zeenni to acquire a USD 37 million stake in the company, the company announced in a statement. Zeenni, who is chairman, CEO and a 25% shareholder in Maridive subsidiary Valentine, will acquire a 12.8% stake in the company’s share capital. […]

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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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ENOC Jet Fuel

ENOC signs agreement with EGPC for marketing of jet fuel in Egypt

Posted: September 30, 2018 at 12:39 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) and the UAE’s ENOC signed a commercial agreement allowing the company to enter the jet fuel activity in Egypt. This agreement comes in line with the directives of the political leadership of the two countries to enhance mutual cooperation and benefit from the expertise, capabilities and technologies available to […]

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ADIPEC

Energy CEOs Embrace Digitalisation as New Technology Transforms Global Oil & Gas Industry

Posted: June 19, 2018 at 1:18 pm   /   Oil & Gas

Effects Expected to Unlock USD 1.6 Trillion in Industry Value to 2025; World’s Top Energy Event Shifting Gears to Encompass Evolved Programme Addressing Artificial Intelligence, Blockchain, Robotics, Sensor Technology, Machine Learning, Deep Learning, Edge Computing and More. Digitalisation is the number-one trend driving CEO decision-making in the global oil and gas sector. According to recent […]

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ADNOC

Egypt’s PM discusses oil & gas cooperation with ADNOC chief

Posted: May 10, 2018 at 12:05 pm   /   Oil & Gas

Egypt’s Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors. (Source: Enterprise.press)

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Mubadala

UAE’s Mubadala prepares for its debut in Egypt’s Oil & Gas market

Posted: April 26, 2018 at 5:00 pm   /   Oil & Gas

UAE’s Mubadala looking to acquire 10% Zohr stake next month as it prepares to enter Egyptian market: The Abu Dhabi-based Mubadala Petroleum is expected to sign next month the final contracts for its acquisition of a 10% stake in the Zohr gas field from Italy’s Eni, Oil Minister Tarek El Molla said yesterday, Al Shorouk […]

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ADIA to invest $2 billion in Egypt’s electricity, oil & gas sectors

Posted: April 12, 2018 at 12:22 pm   /   Electricity & Power

UAE’s ADIA to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure in 2H2018: The Abu Dhabi Investment Authority (ADIA) is planning to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure sectors in 2H2018, the head of the Arab Union for Direct Investment (AUDI) Mohamed Sameh tells Ahram Gate. Investments from the […]

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Eni sells 10% stake in Zohr to UAE's Mubadala for $934 million

Posted: March 12, 2018 at 10:57 am   /   Oil & Gas

Eni sells 10 percent of Egypt’s Shorouk concession to Mubadala Petroleum. Italian oil company Eni said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million. Eni currently holds through its subsidiary IEOC a 60 percent stake […]

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Dubai-based Enoc eyeing new investment opportunities in Egypt

Posted: February 13, 2018 at 4:30 pm   /   Oil & Gas

The company operates a concession in the North African country through its unit Dragon Oil. Dubai-based Emirates National Oil Company (Enoc) is looking at investments in Egypt through its wholly-owned subsidiary Dragon Oil as it seeks to expand its regional footprint. Dragon Oil, which fully owns the East Zeit Bay offshore concession south of the […]

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