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Shamrendra Singh named as new COO of Cheiron
Singh brings two decades of upstream oil and gas leadership across India, the UK, Norway, and Egypt
Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft
Chevron said its resources will instead go towards its interests in Egypt’s Mediterranean
Arla puts Domty acquisition bid on ice pending demerger clarity. PLUS: NAS Investment Holding + EgyFert, Eni, Cheiron Energy, Post for Investment, Neric, G3A
Domty plans to re-engage a potential offer for the spun-off dairy business — assuming due diligence checks out
US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives
Fuel price hikes led the conversation across the channels
Fuel price hikes dominated the airwaves last night, following the government’s latest move to raise prices at the pump. Oil…
Gov’t hikes fuel prices by up to 14.8%
We shouldn’t see any more fuel price hikes for the next six months, the Oil Ministry confirmed
Official opening of Saxony Egypt University sees raft of MoUs inked with German partners. PLUS: K&K Group + EETC, Ades Holding, Bank NXT, Domty, Intro Group + Advec
The university is the largest private technological university in the greater Cairo region
LNG regasification unit from Germany to dock in June under five-year lease agreement. PLUS: Eni, Simplex, Rabbit, Maseera Holding + Adva, IGT Solutions
Egypt will lease the vessel at an estimated cost of USD 80 mn per year
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