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BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Local consortium to set up a USD 1.2 bn chemical production plant to feed fertilizer industry
Nine local players will take on the project
Fertilizer manufacturer Biogrand to open SAR 25 mn KSA factory in early 2025. PLUS: East Qantara Dry Port, EU trade agreement, Al Modawat Specialized Medical
The factory will be established in partnership with unnamed Saudi investors
Some 1.6k meds set for price hikes by the end of 2025. PLUS: Home Group Development, Dream Agro, Global Biodiversity Framework Fund, Wfrley, Egypt Healthcare Authority
Companies could receive the greenlight to hike the prices of some 600 types of meds before the end of 2024
GASC is still after its big wheat purchase. PLUS: News from Eroglu Holding, Kima, Concrete Plus, Easy Lease
The fresh wheat buy could cost us around USD 248 a ton
State-owned firms to build a USD 40 mn ethane pipeline
The new 40-km pipeline aims to transport imported US shale gas to Sidpec and Ethydco
Indian fertilizers player could set up USD 300 mn factory
The plant will aim to produce 700k tons of fertilizers a year, eying Arab, African, and European markets for exports.
We have a USD 500 mn fertilizer plant in the making. PLUS: Fresh oil agreements, investments
Indorama is building a USD 400-500 mn phosphate fertilizers plant in Ain Sokhna
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