Kuwait, Qatar to Invest Billions in Egypt

Kuwait, Qatar to invest billions in Egypt

Gulf cash is flowing to Egypt, with investors targeting hard assets rather than continuing the practice of providing financial aid to Cairo. Qatar’s sovereign wealth fund is reportedly finalizing a $4 billion tourism project in Ras Alam El-Rum, east of Alexandria on the Mediterranean coast, as part of a broader plan to invest $7.5 billion in Egypt. Kuwait Foreign Petroleum Exploration Co. and Shell Egypt will begin an offshore gas project.The mo…

Shell Greenlights Egypt Offshore Project

UK major Shell announced on 23 July that it has taken a final investment decision on its Mina West gas discovery in Egypt’s offshore Mediterranean. The c.5...

Shell greenlights Mina West Gas development offshore project in Egypt

BG International, a Shell affiliate, has taken a Final Investment Decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea. Shell, holding a 60% stake and acting as operator, is partnering with KUFPEC (40%) and Egypt’s state-run EGAS to advance the project within the Northeast El Amriya concession. Discovered in October 2023, […] The post Shell greenlights Mina West gas development offshore project in Egypt appeared fir…

Shell Approves Mina West Gas Project in Egypt

Shell approves Mina West Mediterranean gas project in Egypt with 0.5 tcf reserves, boosting domestic energy supply through subsea infrastructure development.