Tag: Nile Delta
Egypt Energy Features Headlines

BP mulls plans to invest $3.5bn in Egypt over next three years

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British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]
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Egypt, Eni ink oil exploration, exploitation deal worth $1bn

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The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]
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BP discovers new gas field in Egypt’s Nile Delta

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British multinational oil and gas company, British Petroleum (BP) has announced the discovery of a new gas field in Egypt, in the Nile Delta. The new discovery is located at 16 meters water depth on a new formation-level near current Nidoco NW-1 exploratory well, in Abu Madi West concession, 4 km north from the Nooros […]