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FINANCIAL NEWS
Egypt to enhance natural gas production
21 Aug 2016
(MENAFN) Egypt has 13 development projects underway in order to boost natural gas production to between 5.5 and 6b cubic feet per day.
Additionally, investments in these projects value USD33bn, while the Egyptian oil and gas sector signed almost 67 deals in the last 2 years with investments at USD14.3b.
Moreover, these deals helped boosting the global firms” confidence in the investment atmosphere in the country and achieve two natural gas projects in the Mediterranean.
Accordingly, an Italian firm proclaimed that it discovered a supergiant gas field off the coast of Egypt, the largest founded in the Mediterranean Sea.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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