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- QIIB, Qatari Diar sign MoU to finance customers' plot purchase in Huzoom Lusail Project
- UDC wins accolades at Arabian Property Awards for Gewan Island
- Vodafone Qatar, KAIC sign strategic MoU to advance AI innovation
- GWC wins MEED 'Project of the Year' award
- Bahrain All Share Index closes lower
- KIPCO completes cash tender offers for 2026 & 2027 notes
- Doha Bank, Seviora Holdings forge strategic alliance; MoU inked to access new markets
- US rate cut hopes bolster QSE sentiments; M-cap adds QR1.82bn
- Egypt Signs Oil and Gas Exploration Deals Worth More than $121 Million
- Oman's oil exports exceed 178 million barrels
15/09/2025 04:54 AST
Egypt signed three investment agreements worth more than $121 million for oil and gas exploration in the Western desert, Suez Gulf and north of Sinai, the Egyptian petroleum ministry said on Sunday.
The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about $46 million, $40.5 million and $35 million respectively.
The first deal aims to re-award the North Sinai offshore area to Parenco Egypt, with investments to drill three wells. Parenco Egypt is a subsidiary of Egypt Kuwait Holding company (EKH).
The Dragon Oil deal is also for three wells while Apache's agreement for the Western Dessert will include five new exploration areas, drilling 14 wells.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
15/09/2025
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