{"id":618825,"date":"2024-04-21T00:00:00","date_gmt":"2024-04-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/"},"modified":"2024-04-21T00:00:00","modified_gmt":"2024-04-21T00:00:00","slug":"sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/","title":{"rendered":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners"},"content":{"rendered":"<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- SDX sells part of its Egypt portfolio: <\/strong>LSE-listed oil and gas firm SDX sold its 50%working interest in two blocks in the West Gharib concession in the Eastern Desert to Horizons LLC and NPC Petroleum Services for USD 6.6 mn, the company said in a <a target=\"_blank\" href=\"https:\/\/polaris.brighterir.com\/public\/sdx_energy\/news\/rns_tool\/story\/w9nyppr\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Disouq asset sale next: <\/strong>The company also \u201ccontinues to progress the binding documentation for the sale of its South Disouq assets\u201d as part of its efforts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/378903de-9f9d-43ae-be8a-9aa1aacdb50b\/sdxit\" style=\"\" rel=\"noopener\">to sell its entire Egypt portfolio<\/a> to focus on operations in Morocco. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Gov\u2019t puts its money where its mouth is with commitment to paying<\/strong><strong> international oil firm arrears:<\/strong> The Egyptian General Petroleum Corporation (EGPC) paid the UK\u2019s United Oil and Gas USD 1 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/UOG\/receipt-of-egyptian-receivables-of-1-million-usd\/16424252\" style=\"\" rel=\"noopener\">disclosure<\/a> by the British company on the LSE. The payment will help United clear its debts as it withdraws from the Abu Sennan concession in the Western Desert.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come: <\/strong>The Egyptian state-owned oil and gas company is expected to pay the remaining USD 500k it owes to the company \u201cover the coming months.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The government has begun paying back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe8be5ef-1808-4344-aa09-d303ff2fe7a2\/gov%25e2%2580%2599t-begins-paying-back-nearly-20%2525-of-overdue%253cmark%253e-arrears%253c%2Fmark%253e-to-international-oil-firms\" style=\"\" rel=\"noopener\">nearly 20%<\/a> of the arrears it owes to international oil companies operating in the country. The EGPC paid back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/408a4671-81f1-43d8-8b1a-1802b20dc8c0\/gov%25e2%2580%2599t-pays-back-some-of-its-dues-to-pharos-energy.-plus:-news-from-juhayna\" style=\"\" rel=\"noopener\">27% of its dues<\/a> to Pharos Energy and settled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48283890-d6a0-4e52-841d-ea932866d2e3\/acud%25e2%2580%2599s-assets-have-tripled-in-value-post-float.-plus:-news-from-nbe,-itida,-al-ahly-momkn,-ifc,%253cmark%253e-capricorn-%253c%2Fmark%253eenergy\" style=\"\" rel=\"noopener\">USD 30 mn in outstanding receivables<\/a> to Capricorn Energy last month.<\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tahya Misr 1 container terminal to come online in 2025:<\/strong> The Tahya Misr 1 container terminal \u2014 one of three terminals planned in the Damietta port development project \u2014 will kick off operations in April 2025, Prime Minister Moustafa Madbouly said during his visit to the port yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0323QY7nuVgmH8yPyNMcwyt89nE5igGiGmoDJu1SHynzpKfzhUuuFM213tmGQkCji7l\" style=\"\" rel=\"noopener\">cabinet statement<\/a>. The terminal will add 3.5 mn container capacity to the port, Transport Minister Kamel EL Wazir said in a separate <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/bdezbx5b\" style=\"\" rel=\"noopener\">statement<\/a>. The Damietta Port development project, including the other two container terminals, will be completed in 2027, Madbouly added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We dove into the ins and outs of the Madbouly government\u2019s plans to overhaul Egypt\u2019s<\/strong><strong> transport infrastructure in last week\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d4ef859-41d7-4ddf-a8e5-1f6832047392\/how-egypt-is-investing-in-infrastructure-as-a-way-to-boost-trade-competitiveness-and-attract-more-industrial-investments\" style=\"\" rel=\"noopener\">HardHat<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Heliopolis Housing shortlists its potential partners for New Heliopolis<\/strong><strong> development:<\/strong> Heliopolis Housing and Development is planning to choose the company that will develop a EGP 10 bn project in New Heliopolis \u201cwithin days\u201d from three shortlisted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fd7a821-8540-45ef-bd35-6e788105d89a\/turkey%25e2%2580%2599s-dnm-inks-contract-to-set-up-denim-factory.-plus:-news-from-heliopolis-housing,-indrive,-air-arabia\" style=\"\" rel=\"noopener\">bids<\/a> from Mountain View, Hyde Park, and Madinet Masr, the company\u2019s investor relations chief Marwa Mounir told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/04\/20\/1784746\" style=\"\" rel=\"noopener\">Al Borsa<\/a>.<\/p>\n<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EgyDrew<\/strong><strong> wants to invest EUR 10 mn into iron rod production:<\/strong> Iron bar manufacturer EgyDrew \u2014 a joint venture between the Holding Company for Chemical Industries and Global Steel \u2014 plans to funnel some EUR 10 mn into setting up a new production line in order to meet market demand for lighting poles and railway flanges, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/04\/20\/1783998\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reported. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is also in the process of selling its assets in South Disouq<\/p>\n","protected":false},"author":1,"featured_media":618826,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,317,7106,93,72,157,83,1451,777],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-debt","tag-energy","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-real-estate","tag-sdx-energy","tag-supply-ministry","wpautop","entry"],"acf":{"mongo_id":"25529e2f-6b21-4444-b88c-dc0b93cf0b1d","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1390.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SDX Energy sells its 50% stake in West Gharib concessions for USD 6.6 mn in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners","related_issue":[618807],"teaser":"The company is also in the process of selling its assets in South Disouq","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.dd6e660a-a3e9-4d2c-92c0-bf3b5ef694da.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners\" \/>\n<meta property=\"og:description\" content=\"The company is also in the process of selling its assets in South Disouq\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners\",\"datePublished\":\"2024-04-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\"},\"wordCount\":473,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"commodities\",\"debt\",\"energy\",\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"real estate\",\"SDX Energy\",\"Supply Ministry\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\",\"name\":\"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/","og_locale":"en_US","og_type":"article","og_title":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners","og_description":"The company is also in the process of selling its assets in South Disouq","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-04-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners","datePublished":"2024-04-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/"},"wordCount":473,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","commodities","debt","energy","EnterpriseAM","Heliopolis Housing and Development","real estate","SDX Energy","Supply Ministry"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/","name":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1","datePublished":"2024-04-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/sdx-energy-sells-its-50-stake-in-west-gharib-concessions-in-egypt-exit-plus-state-pays-oil-arrears-tahya-misr-1-terminal-online-in-2025-heliopolis-housing-shortlists-development-partners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":568730,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/02\/sdx-to-drill-three-wells-in-south-disouq-west-gharib-between-february-and-june\/","url_meta":{"origin":618825,"position":0},"title":"SDX to drill three wells in South Disouq, West Gharib between February and June","author":"enterpriseam admin","date":"2 February 2020","format":false,"excerpt":"SDX Energy will drill three wells in its South Disouq and West Gharib concessions by the beginning of June, the company said in a statement. It will begin drilling the first exploration well in South Disouq by the end of February and complete it in April, while the drilling of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638520,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/sdx-energy-makes-new-crude-discovery-in-west-gharib-concession\/","url_meta":{"origin":618825,"position":1},"title":"SDX Energy makes new crude discovery in West Gharib concession","author":"enterpriseam admin","date":"8 October 2017","format":false,"excerpt":"SDX Energy made a new oil discovery in Egypt, with its Rabul-2 well unearthing heavy crude in the West Gharib concession, the company announced on Thursday (pdf). \"This was our final commitment well in the West Gharib concession and we are encouraged by the result, which reaffirms our view of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572470,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/25\/sdx-energy-optimistic-it-will-extend-gas-production-at-south-disouq-till-2026\/","url_meta":{"origin":618825,"position":2},"title":"SDX Energy optimistic it will extend gas production at South Disouq till 2026","author":"enterpriseam admin","date":"25 June 2020","format":false,"excerpt":"SDX Energy will maintain its 50 mcf\/d gas production rate at its onshore South Disouq block for another 18 to 24 months, with a further extension to mid-2026 also likely, the company said in a statement. The block\u2019s Sobhi well will generate USD 25 mn of cash flow, according to\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588829,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/","url_meta":{"origin":618825,"position":3},"title":"SDX could exit Egypt","author":"enterpriseam admin","date":"18 June 2023","format":false,"excerpt":"SDX operates concessions in the Nile Delta and the Eastern Desert","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/823.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605731,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/sdxit\/","url_meta":{"origin":618825,"position":4},"title":"SDXit","author":"enterpriseam admin","date":"5 September 2023","format":false,"excerpt":"The company wants to focus on Morocco","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631346,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/sdx-announces-oil-discovery-in-west-gharib\/","url_meta":{"origin":618825,"position":5},"title":"SDX announces oil discovery in West Gharib","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"SDX Energyannounced making an oil discovery at its Rabul 5 Well in the West Gharib Concession. SDX controls 50% of working interest and is joint operator in the well. \u201cFurther evaluation of the discovery is ongoing, after which the Company expects the well to be completed as a producer and\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=618825"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618825\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/618807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/618826"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=618825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=618825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=618825"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=618825"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=618825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}