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Korra Energi to offer up to 20% of company in upcoming IPO
The company is currently in the process of selecting an advisor for the planned offering
BP and Shell to add 125 mn cbf of daily gas production in 2026 with USD 370 mn project
The project will be carried out by the Pharaonic Petroleum Company, a JV between BP and EGAS
Oil Ministry wants to see gas production rise by 400-500 mn cubic feet per day by March
Egypt currently produces 4.3 bn cubic feet per day
BP and Adnoc have more appetite for Egypt energy exploration
The new platform will tap into BP’s stakes in key gas assets
Egyptian lenders back bns in energy and port expansion loans
Cheiron Energy secured central bank approval for a USD 80 mn syndicated loan to expand operations
AMEA Power is setting up a 5 GW wind project in Gulf of Suez
The project is set to be completed by 1Q 2026
Korra Energi temporarily to list shares on the EGX today ahead of upcoming IPO
Korra will list EGP 450 mn worth of shares on the EGX
Government to offer up stakes in ten companies to strategic investors and on the EGX in 2025
Madbouly named Chill Out and Silo Foods as the two other military-linked companies heading to the EGX
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