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Fitch affirms CIB’s long-term issuer default rating
PLUS- Efforts to up production at Zohr have been boosted with a new 70 mcf/d well
Zohr is getting a handful of new wells
PLUS- Egypt began training hundreds of Palestinians to form a new security force
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
Eni resumes drilling in Egypt’s Zohr
PLUS- Dragon Oil struck oil at the East Crystal-1 exploratory well in the Gulf of Suez
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
Drilling operations in Zohr to resume in December
Plus- EGPC signs 4 MoUs with a number of firms for energy exploration
Eni to drill two new wells in Zohr in 2025
The Zohr gas field is the Mediterranean's largest-ever find and Egypt’s largest gas field
Gas output hits three-year low in 2Q 2023
Production fell 9% from the same quarter in 2022
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