{"id":657317,"date":"2024-12-18T00:00:00","date_gmt":"2024-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/18\/halliburton-could-invest-more-in-egypts-energy-sector\/"},"modified":"2024-12-18T00:00:00","modified_gmt":"2024-12-18T00:00:00","slug":"halliburton-could-invest-more-in-egypts-energy-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/18\/halliburton-could-invest-more-in-egypts-energy-sector\/","title":{"rendered":"Halliburton could invest more in Egypt\u2019s energy sector"},"content":{"rendered":"<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>US oil giant<\/strong> <strong>Halliburton is mulling more investment in the Egyptian market<\/strong>, the company\u2019s President Eastern Hemisphere Shannon Slocum <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid09LjVngaHAd953PQJrrECj4ygJpBxWKqdfPVPhfusy4TsRzrV6bFh4zJbdpfrALpcl\" style=\"\" rel=\"noopener\">said<\/a> during a meeting with Oil Minister Karim Badawi. The company wants to invest more in the sector and is currently evaluating potential investments, Slocum said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Halliburton has been loving Egypt as of late: <\/strong>The firm is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3ffb64-4ae1-46a8-935b-567932e3710e\/china%E2%80%99s-new-hope-group-mulls-usd-100-mn-feed-production-complex.-plus:--futurefert,--madinet-masr-%2B-carrefour,-halliburton,-al-kbous-tea,-egyptian-swiss-group,-innovo,-ecaru\" style=\"\" rel=\"noopener\">working to bring three<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3ffb64-4ae1-46a8-935b-567932e3710e\/china%E2%80%99s-new-hope-group-mulls-usd-100-mn-feed-production-complex.-plus:--futurefert,--madinet-masr-%2B-carrefour,-halliburton,-al-kbous-tea,-egyptian-swiss-group,-innovo,-ecaru\" style=\"\" rel=\"noopener\">gas wells online<\/a> in 1H 2025, as part of its Burullus project in the West Delta. It is also working to finish preparation work on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc282ccf-4479-442d-b6ad-1bbf1f31f4b3\/halliburton-to-bring-four-wells-online-by-december\" style=\"\" rel=\"noopener\">four deepwater gas wells<\/a> by year\u2019s end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One step towards the long-awaited rail link between Egypt and Sudan: <\/strong>The two neighbors inked an agreement to study setting up a rail link between them with KWD 750k (c. USD 2.4 mn) in funding from the <a target=\"_blank\" href=\"https:\/\/www.kuwait-fund.org\/ar\/web\/kfund\/home\" style=\"\" rel=\"noopener\">Kuwait Fund for Arab Economic Development<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1097971982373221?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The two sides will set up a committee to follow up on the study. <a target=\"_blank\" href=\"https:\/\/www.kuwait-fund.org\/ar\/web\/kfund\/home\" style=\"\" rel=\"noopener\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could foreign airlines start operating domestic flights? <\/strong>The ministries of tourism and aviation are in discussions over potentially allowing foreign airlines to operate domestic flights in Egypt, Tourism Minister Sherif Fathy <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/17\/1854360\" style=\"\" rel=\"noopener\">said<\/a> during a presser yesterday. He explained that the decision would help boost the number of domestic flights operated. <\/p>\n<p class=\"tag-border-left\">DEVELOPMENT FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> government is set to launc<\/strong><strong>h a EUR 271 mn green industry program in 1Q <\/strong><strong>2025<\/strong> to support the industrial sector and help it cut back on carbon emissions with low-interest financing, Egyptian Environmental Affairs Agency CEO Ali Abo Sena told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b9%d8%af-%d9%84%d8%a5%d8%b7%d9%84%d8%a7%d9%82-%d8%a8%d8%b1%d9%86%d8%a7%d9%85%d8%ac-%d8%a7%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d8%a9-%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The five-year program will offer financing at rates as low as 3.5% to help reduce harmful emissions, with a focus on critical industries such as fertilizers, steel, cement, and aluminum, according to Abo Sena. The money will come from various international bodies, including the EU, the European Investment Bank, the French Development Agency, and Germany\u2019s KfW Development Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A step towards more inclusive education: <\/strong>Our friends at CIRA Educations have partnered up with <a target=\"_blank\" href=\"https:\/\/ataafund.com\/\" style=\"\" rel=\"noopener\">Ataa Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/www.fahimfoundation.org\/\" style=\"\" rel=\"noopener\">Fahim Foundation<\/a>, and Safe Egypt to foster \u201cinclusion and safeguarding across educational institutions in Egypt,\u201d according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1672.pdf\" style=\"\" rel=\"noopener\">state<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1672.pdf\" style=\"\" rel=\"noopener\">ment<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1672.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. \u201cThis partnership represents a pivotal step toward transforming education in Egypt \u2026 we are building a sustainable model for inclusion and safety that empowers every student to thrive, regardless of their background,\u201d CIRA Chairman Hassan El Kalla said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is currently evaluating potential investments<\/p>\n","protected":false},"author":1,"featured_media":657318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[111,528,402,101,73,93,72,246,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-cira-education","tag-development-finance","tag-education","tag-energy","tag-enterpriseam","tag-green-economy","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"f8a63b78-cc61-4e81-ba01-aeac0b96e5e4","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1700.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Halliburton could invest more in Egypt\u2019s energy sector","related_issue":[657296],"teaser":"The company is currently evaluating potential investments","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.455e4831-2606-4955-9c2a-0ed8fcde08d9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The meetings reviewed the development of the companies\u2019 projects in Egypt and\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621664,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/el-molla-meets-ioc-heads-energy-ministers-to-discuss-increasing-investments\/","url_meta":{"origin":657317,"position":1},"title":"El Molla meets IOC heads, energy ministers to discuss increasing investments","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"Oil Minister Tarek El Molla met yesterday with Saudi Arabia\u2019s Energy Minister Khalid Al-Falih to discuss cooperation prospects between Saudi and Egypt in the mining industry, particularly as Egypt is pushing through with amendments to the Mineral Resources Act, according to a ministry statement (pdf). El Molla also met with\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":651701,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/oil-minister-meets-with-ioc-delegations\/","url_meta":{"origin":657317,"position":2},"title":"Oil Minister meets with IOC delegations","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"Oil Minister Tarek El Molla met with delegations from several international oil companies, including France\u2019s Total and the French Institute of Petroleum, to discuss increasing the scope of their Egyptian investments, Al Shorouk says. Total are looking to increase investments at their North El Hammad concession, he said, while the\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":656521,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/05\/chinas-new-hope-group-mulls-usd-100-mn-feed-production-complex-plus-futurefert-madinet-masr-carrefour-halliburton-al-kbous-tea-egyptian-swiss-group-innovo-ecaru\/","url_meta":{"origin":657317,"position":3},"title":"China\u2019s New Hope Group mulls USD 100 mn feed production complex. PLUS:  FutureFert,  Madinet Masr + Carrefour, Halliburton, Al Kbous Tea, Egyptian Swiss Group, Innovo, Ecaru","author":"enterpriseam admin","date":"5 December 2024","format":false,"excerpt":"The company, which has five factories in Egypt producing some 650k tons of feed annually, plans to expand production to 1 mn tons","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/522.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654334,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/31\/halliburton-to-bring-four-wells-online-by-december-plus-news-from-medcom-aswan-fra-q-developments\/","url_meta":{"origin":657317,"position":4},"title":"Halliburton to bring four wells online by December. 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