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Foreign firms to invest some USD 340 mn on oil and gas exploration
PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert
Shell wants to up its local natgas production
PLUS- Juhayna secures EGP 1.9 bn from CIB
El Sisi ratifies new Labor Law
PLUS- A EGP 1.4 bn factory for blood collection bags is in the works
Alstom’s Borg El Arab railway manufacturing complex gets the green light from gov’t
PLUS- Rashid Petroleum Company is planning to increase gas production by 44.1% y-o-y to 320 mn cubic feet per day…
Shell plans to invest USD 300 mn into its West Delta Deep Marine concession
PLUS- MSC to expand its footprint in Egypt
Shell and partners withdraw from their Red Sea blocks
PLUS- BP wraps up drilling at its El Fayoum-5 gas well
Egypt to sign agreement to liquefy Cypriot gas in local facilities tomorrow
The Cypriot president said he will sign a natural gas commercialization agreement in Cairo tomorrow
Gov’t locks in 60 LNG shipments for 2025
The agreements include five shipments a month, each worth some USD 50 mn
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