Egypt's tax revenues surge 35% to EGP 2.2 trn in last fiscal year    Four global energy firms commit $343m to Egypt's oil, gas exploration    Madbouly urges Chinese investment in Egypt's EV, desalination, and renewable energy    After touring aid sites, US senators slam Israeli 'propaganda' on Gaza    Syria accuses Israel of fresh incursion in Quneitra, days after deadly strikes    Rubio hands final USAID liquidation to White House budget chief    Train derailment in Matrouh kills three, injures 94    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Global Forum on Nicotine 2025: Experts Call for Strengthening Scientific Communications to Reduce Tobacco Risks    URGENT: Egypt's central bank cuts key rates by 200 bps    Egypt, Qatar PMs hold cooperation talks    EGP closes higher vs USD on Thursday    Egypt reviews progress on Hurghada Green City sustainable tourism project    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Egypt, Namibia explore closer pharmaceutical cooperation    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's upstream oil platform draws $1.2b since 2021
Aya Anwar Published in Amwal Al Ghad on 12 - 06 - 2025

Egypt's digital oil and gas investment platform has attracted more than $1.2 billion since its 2021 launch, the petroleum ministry said on Tuesday.
The Egypt Upstream Gateway (EUG), created in partnership with Schlumberger (SLB), now has 47 member companies and has supported drilling 127 wells across 51 areas, Gateway Director Mohamed Radwan said.
Petroleum Minister Karim Badawy said the platform plays a key role in showcasing investment opportunities, providing data and technical support, and speeding decisions for exploration and production projects. He urged regular updates to the country's investment map.
Schlumberger's Claudio Leone said the company plans to invest further in the gateway's infrastructure and technology.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser

Clic here to read the story from its source.