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The green economy in 2024: A rundown of investments, initiatives, and challenges that defined the year
It was another year that showed the need for a swift implementation of our green energy targets
Cheiron is looking into expanding local operations
Cheiron recently secured a USD 80 mn loan to fuel exploration operations
Halliburton could invest more in Egypt’s energy sector
The company is currently evaluating potential investments
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
Egypt to lease second LNG floating regasification unit starting 2H 2025
Egypt will lease the unit from the US-based New Fortress Energy
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