Tag: Company.
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An Egyptian company plans to drill 11 wells for oil and gas exploration
The Egyptian Gulf of Suez Petroleum Company “GUPCO” is preparing to start drilling 11 wells for oil and gas exploration, to increase Egypt’s hydrocarbon reserves. Today, Monday, January 30 (2023), Egyptian Minister of Petroleum Tariq El-Molla said, during the approval of the company’s planning budget for the fiscal year (2023-2024), that there is importance to…
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Total Energy is accused of “greenwashing”…and the French company is responding
It appears that accusations of “greenwashing” will continue to haunt France’s Total Energy, which has repeatedly asserted that it is on track to achieve carbon neutrality by 2050. The giant energy company has been accused of “greenwashing” since December 2021, as part of an investigation into “misleading commercial practices” in the field of the environment,…
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Oil production in Syria awaits the return of a British company
The British Gulf Sands Company denounced the “illegal” production of oil in Syria from its fields subject to force majeure 6 years ago, stressing that it has a plan to return again to the country. The company owns a 50% stake in Block 26, as its interests go back to before the war in Syria,…
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A company affiliated with the army is at the forefront.. Egypt is close to selling shares in fuel companies
Egypt has placed a number of fuel companies, including the “Wataniya” fuel company affiliated with the military, at the forefront of the companies whose stakes are to be sold in the coming months. In this context, the Sovereign Fund of Egypt included 5 companies in the Pre-IPO Fund, in preparation for selling stakes ranging between…
