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Four international companies awarded oil and gas exploration blocks
Four concessions were handed to Eni, BP, Qatar Energy, and Zarubezhneft
Maait confirms oil hedge
Good morning, everyone. It’s the last day of the workweek (and last workday of September) for all of us here…
France’s Engie has another USD 3-5 bn in investment for Egypt in the pipeline
Egypt currently constitutes 60% of Engie’s investments in the region
Oil Ministry offers new oil and gas exploration blocks to international firms
The government is looking to attract fresh investment and secure new energy supplies amid declining output
Just when emerging markets thought they had beaten inflation…
Oil prices have surged 30% over the past three months
Greenback hits six-month high as Fed warns rates will remain higher for longer
The greenback has now climbed more than 6% since the middle of July
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
Indictment of US Senate Foreign Relations Committee chairman has Egypt angle
Bob Menendez denies the charges, which include that he allegedly tried to help a friend sidestep prosecution
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