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11.03.25 - 03:54
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Egypt′s Ambitious Oil And Gas Plans (ZeroHedge)
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Egypt's Ambitious Oil And Gas Plans
Authored by Felicity Bradstock via OilPrice.com,
Egypt plans to build a $7 billion petrochemical complex and launch new oil and gas auctions to boost domestic production.
The country aims to enhance energy security and attract foreign investment, despite recent economic challenges and energy shortages.
Egypt is balancing its fossil fuel development with renewable energy targets, though it has adjusted its green energy goals.
Oil-rich Egypt has big plans for the future of its fossil fuel development with several major new auctions and investments planned for the North African country. A new $7 billion petrochemical complex and other major oil and gas investments are expected to reinvigorate Egypt's oil industry, although it may have to win back investor confidence following a disappointing financial year.
Egypt is a major African fossil fuel producer, the second-largest non-OPEC producer of liquid fuels after Angola. It was also the second-la...
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16.12.24 - 09:16
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BP, ADNOC′s XRG agree Egypt gas JV Arcius Energy (Reuters EN)
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BP, ADNOC's XRG agree Egypt gas JV Arcius Energy By Yousef Saba DUBAI, Dec 16 (Reuters) - BP BP.L and Abu Dhabi National Oil Company's international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad. The joint venture, Arcius Energy, is 51% owned by BP and 49% owned by XRG....
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03.12.24 - 06:39
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Egypt′s non-oil private sector shrinks more slowly in November, PMI shows (Reuters EN)
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Egypt's non-oil private sector shrinks more slowly in November, PMI shows CAIRO, Dec 3 (Reuters) - Conditions in Egypt's non-oil private sector declined more slowly in November as output and new orders dropped at a slower pace, according to the latest Purchasing Managers' Index (PMI) data from S&P Global. The PMI edged up to 49.2 in November from 49.0 in October, inching closer to the 50.0 threshold that separates growth from contraction....
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24.11.24 - 14:51
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Most Gulf markets gain on oil; Egypt falls (Reuters EN)
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MIDEAST STOCKS-Most Gulf markets gain on oil; Egypt falls By Ateeq Shariff Nov 24 (Reuters) - Most stock markets in the Gulf ended higher on Sunday in response to a rise in oil prices, although the Egyptian index retreated. Oil prices - a catalyst for the Gulf's financial markets - climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine boosted the market's geopolitical risk premium....
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