- Egypt and France Launch €7 Billion Fully Private Green Hydrogen Megaproject in Ras Shukeir
- Qatar: Signing a historic agreement to supply 100 million cubic feet of helium annually to China.
- Kuwait: Oil revenues to decline despite increased exports of high-value derivatives.
- UAE: ADNOC Group to invest heavily in oil, gas, and petrochemical sectors.
- Egypt: $7 billion petrochemical complex in New Alamein
- Libya: Oil and Gas Sector to Suffer Instability, Hindering Plans to Raise Production
- UAE: ADNOC to supply liquefied natural gas from Ruwais project to Japan
- Oman: Signing of 10-Year LNG Sale and Purchase Agreement
- QatarEnergy: Signing a historic agreement to supply 100 million cubic feet of helium annually to China.
- Kuwait: Major oil and gas discovery in territorial waters
Egypt: $7 billion petrochemical complex in New Alamein
Egypt: $7 billion petrochemical complex in New Alamein
The activities of the Egypt International Energy Conference and Exhibition “EGYPS 2025” witnessed the signing of the framework agreement by the Egyptian Petrochemicals Holding Company, the Egyptian Ministry of Investment, the British Shard Capital Company, and the Saudi Al-Qahtani Group, to implement the petrochemical production complex in the New Alamein area with investments of $7 billion.
The agreement was signed in the presence and participation of Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, the British Ambassador to Cairo Gareth Bailey, James Lewis, Founder and CEO of the British Shard Capital Company, and Sheikh Abdul Hadi Tariq Al-Qahtani, CEO of the Saudi Tariq Al-Qahtani Company and PWS Company, a subsidiary of the Al-Qahtani Holding Group. The agreement was signed by Eng. Ibrahim Mekki, Chairman of the Egyptian Petrochemicals Holding Company, and Major General Yasser Abbas, Deputy CEO of the Egyptian General Authority for Investment and Free Zones, with the Chairman of the British Shard Capital Company.
Eng. Karim Badawi, the Egyptian Minister of Petroleum and Mineral Resources, confirmed that the project will work to maximize the added value of Egyptian resources to produce distinguished petrochemical products, which will contribute to achieving a distinguished return for the economy by maximizing production and export to achieve a return in foreign currencies while providing the necessary production inputs for the industry, in addition to the economic and development opportunities and contributions provided by the establishment of the complex according to the state’s plan to develop the El Alamein region.
The Minister of Petroleum added that the new complex adopts the technologies necessary for environmental sustainability and efficiency according to the highest environmental standards, in addition to community contributions to develop the surrounding area and the local community.
