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Gov’t awards 11 concessions for gas exploration in the western Mediterranean. PLUS: Shelf Drilling, Sabbour Consulting, Sky Developments
The concessions were awarded to BP, ExxonMobil, TotalEnergies, Chevron, and Shell.
Results of EFG Hermes Research’s annual One-on-One live poll are out
Most respondents are bullish about investments this year
South Korea’s SK ecoplant to build USD 2 bn green ammonia plant
The plant will produce 50k tons of green hydrogen and 250k tons of green ammonia a year by 2029
ExxonMobil to drill first exploratory well in Egypt in October. Plus: Oriental Weavers’ net income doubles in 2023
Exxon is also gearing up to explore for gas in its Masry and Cairo other two concessions this year
Maersk, Actis make progress on Zafarana, Gabal El Zeit wind farms acquisition bids
The sale of the two facilities will bring hundreds of mns of USD into the state’s coffers
Egypt inks USD 41 bn worth of green hydrogen and renewable energy agreements
Some USD 12 bn is allocated pilot phase, with the remaining USD 29 bn allotted for the the first phase
FRA approves B Investments’ acquisition of Orascom Financial. PLUS: Synergy Capital, Ras El Hekma, Egyptian Healthcare Authority, Qalaa Holdings, green hydrogen
B Investment' board in December agreed to an MTO swap ratio of one B Investments share to 56.76 OFH shares
Adnoc Distribution doubles down on Egypt, Saudi Arabia expansions
The company plans to roll out more services at its filling stations and further expand into new cities, the company’s…
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