Generation
Posted By OrePulse
Published: 21 Feb, 2025 08:37
China's North Petroleum allocates $100mln for Egypt oil, gas concessions
Egypt - China's North Petroleum has set aside $100 million to acquire new concession contracts or establish partnerships for oil and gas exploration in Egypt's Western Desert and offshore areas, the company's regional director in Egypt Sun Bao told Asharq Business.
Bao said the company shifted focus to these areas as they remain largely untapped, unlike the Eastern Desert and the Suez Canal area, where exploration has reached saturation.
The company already holds concession contracts in eastern Egypt for a decade.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Precious Metals
Galiano lowers full-year production guidance, warns of higher costs...
07 Nov, 2025 13:47
47 min read
Mining Other
Canyon continues with development of Minim Martap despite minor delays...
07 Nov, 2025 13:43
50 min read
Precious Metals
Botswana and Angola hold talks as both seek control of De Beers...
07 Nov, 2025 13:39
39 min read
Mining Other
Kon Kweni Iron-Ore Project Transforms West African Mining Landscape...
07 Nov, 2025 13:33
60 min read