{"id":622816,"date":"2018-10-14T04:22:53","date_gmt":"2018-10-14T04:22:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/"},"modified":"2018-10-14T04:22:53","modified_gmt":"2018-10-14T04:22:53","slug":"egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/","title":{"rendered":"Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> ** #7 <strong>INVESTMENT WATCH- Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget?<\/strong> Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 mn next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k bbl\/d of oil by 2025, CEO Ali Rashid Al Jarwan <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1WR0X3\">told Reuters<\/a>. The company is eyeing new opportunities in Turkmenistan, North Africa and Iraq, Al Jarwan said. \u201cWe are looking at Africa mainly, especially North Africa.\u201d Dragon already has exploration blocks in Egypt, and ENOC Group CEO Saif Al Falasi <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/13\/uaes-enoc-eyes-new-investment-in-egypt\/\">said back in February<\/a> that \u201cInvesting in Egypt\u2019s market, the third largest in Africa, complements our business strategy to go beyond the UAE and our commitment to industry-leading performance.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>** #7 INVESTMENT WATCH- Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 mn next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622816","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3427a948-be69-4d33-b63f-2c2e0a2a9134","order":"0","is_powered_by":true,"section_story_id":"5cd808a9-7750-4e25-a09b-e8f1e1c7ac8b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622804],"teaser":"","voice_url":""},"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>Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget? - 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\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget?\" \/>\n<meta property=\"og:description\" content=\"** #7 INVESTMENT WATCH- Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 mn next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-14T04:22:53+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget?\",\"datePublished\":\"2018-10-14T04:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-line-for-a-chunk-of-dragon-oils-usd-500-mn-regional-investment-budget\/\",\"name\":\"Egypt in line for a chunk of Dragon Oil\u2019s USD 500 mn regional investment budget? 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Emirates National Oil Company (ENOC) subsidiary Dragon Oil is set to acquire unspecified assets in Egypt within the next three to four months, Dragon Oil CEO Ali Al Jarwan told Oil & Gas Middle East. According\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632518,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/uaes-enoc-eyes-new-investment-in-egypt\/","url_meta":{"origin":622816,"position":1},"title":"UAE\u2019s Enoc eyes new investment in Egypt","author":"enterpriseam admin","date":"13 February 2018","format":false,"excerpt":"INVESTMENT WATCH- BP wasn\u2019t the only one pledging new investments, as Dubai-based Emirates National Oil Company (Enoc) said yesterday it is eyeing new investment in Egypt through its wholly-owned subsidiary Dragon Oil, according to the National. \u201cInvesting in Egypt\u2019s market, the third largest in Africa, complements our business strategy to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567140,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/dragon-oil-completes-acquisition-of-bp-gulf-of-suez-assets\/","url_meta":{"origin":622816,"position":2},"title":"Dragon Oil completes acquisition of BP Gulf of Suez assets","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"M&A WATCH- Dragon Oil completes USD 500 mn acquisition of BP\u2019s Gulf of Suez assets: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has wrapped up its acquisition of BP\u2019s Gulf of Suez asset for USD 500 mn, the Oil Ministry said in a statement (pdf). A conflicting report by\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598784,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/dragon-oil-agrees-to-acquire-bps-gupco-assets\/","url_meta":{"origin":622816,"position":3},"title":"Dragon Oil agrees to acquire BP\u2019s GUPCO assets","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"M&A WATCH- Dragon Oil agrees to acquire BP\u2019s Gulf of Suez assets: BP reached an agreement to divest its interests in Gulf of Suez oil concessions in Egypt to Emirates National Oil Company\u2019s (ENOC) subsidiary Dragon Oil, BP said in a statement. Under the terms of the agreement, which is\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/2424.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598429,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/bp-close-to-selling-gupco-stake-to-dragon-oil-for-usd-600-mn\/","url_meta":{"origin":622816,"position":4},"title":"BP close to selling GUPCO stake to Dragon Oil for USD 600 mn","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"M&A WATCH- BP is close to selling its stake in Gulf of Suez Petroleum Company (GUPCO) to Dubai-based Emirates National Oil Company (ENOC) subsidiary Dragon Oil for USD 600 mn, industry and banking sources said, according to Reuters. The move received initial approval from the Oil Ministry. The sources gave\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592238,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/mienta-to-invest-usd-5-mn-in-new-factory-in-sczone-plus-news-from-the-national-dialogue-dragon-oil-heliopolis-housing-banknbox\/","url_meta":{"origin":622816,"position":5},"title":"Mienta to invest USD 5 mn in new factory in SCZone. 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