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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
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Kufpec to acquire 40% of Shell offshore block
Shell acquired the North East El Amriya block from ExxonMobil in 2022
Cabinet approves social support measures, renewables expansion
The minimum wage hike, bonus payouts, and pension hikes will come into effect from the beginning of October. New golden…
Chevron to invest USD 3 bn in Egypt’s Nargis gas field
Shell acquired the North East El Amriya block from ExxonMobil in 2022
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