Latest news
BP plans to spend over $1bn in Egypt in 2019
BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its operations in the Middle East.
read more... 16/11/2018
Egypt signed $1 billion oil & gas exploration deal with Shell and Petronas
The Egyptian Ministry of Petroleum has signed a deep-water oil & gas exploration agreement with Shell and Malaysia’s Petronas, according to a statement issued by the ministry on September 15.
read more... 18/09/2018
Russia to build nuclear reactors for China & Egypt
Russia's state atomic energy corporation Rosatom will commission the third and fourth unit of China's Xudabao nuclear power plant (NPP) by 2027-2028 and start construction of the first unit of Egypt's Dabaa NPP in the summer of 2020, according to Aleksei Likhachev, CEO of Rosatom, on Wednesday.
read more... 13/09/2018
Egypt Signs New Agreements with European Oil Companies
Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla signed three agreements today for the exploration of oil and natural gas in the Mediterranean, Western Sahara and Nile Delta.
read more... 15/08/2018
Siemens completes giant combined cycle power plant in Egypt
The Egypt Megaproject adds up to 14.4GW of electricity generation capacity to the national grid, enough to power up to 40 million people in the country.
read more... 08/08/2018