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Oil and Gas

ADNOC to acquire 50% of Total Energies Egypt for approx. $186M

An additional payment of up to $17.3 million could be made if certain conditions are met, said ADNOC Distribution

Egypt’s natural gas and liquefied natural gas export revenues jump by 98%

Petroleum and petrochemical products grew by 42.5% last year, to reach $5.7 billion, compared to $4 billion in 2020

Shell reinforces presence in Nile Delta with acquisition of Offshore Block 3

A Farm Out Agreement (FOA) is a type of contract that allows investors to acquire a stake from an existing project participant by selling all or percentage stake in the venture

Honeywell to invest $200M in Egypt’s Petrochem and green fuel production

The cooperation is expected to save around 20-30% of manufacturing costs

Egypt Petroleum Show to kick off year of strategic energy dialogue on Feb. 14-16

The show also features 3 awards ceremonies that celebrate outstanding achievements, namely: the HSE Excellence in Energy Awards, Global Equality in Energy Awards, and Global Finance & Investment Awards