Category: MoU

EGPC, ExxonMobil Sign Agreement to Boost Fuel Transport Safety

The Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transportation and distribution system. According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the MoU was signed in a meeting attended by Salah […]

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Aramco Seals 17 Major US Agreements Worth Over $30bn

Oil giant Saudi Aramco has made over $30 billion in 17 Memoranda of Understanding (MoUs) and agreements with major companies in the US during a visit to Washington by the Saudi Crown Prince Mohammed bin Salman. These agreements cover a range of activities, including Liquefied Natural Gas (LNG), financial services, advanced materials manufacturing, and procurement […]

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Dana Gas Signs MoU with Syria’s SPC to Redevelop Natural Gas Fields

UAE Dana Gas has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) for the redevelopment and expansion of several natural gas fields across central Syria, including Abu Rabah gas field, one of the largest gas discoveries in Syria. “This agreement marks an important first step in evaluating opportunities to redevelop Syria’s […]

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ExxonMobil Expands Gas Exploration in Egypt with New Concession West of Zohr Field

ExxonMobil has signed a memorandum of understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) to expand its natural gas exploration activities in the Mediterranean Sea, marking a new chapter in the company’s partnership with Egypt. The agreement was signed on the sidelines of the ADIPEC 2025 conference in Abu Dhabi, in the presence […]

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bp Uses Valaris Deepwater Rig to Drill 5 New Gas Wells Offshore the Mediterranean

bp has signed a contract with Valaris, an American offshore drilling contractor, to drill five new natural gas wells in its Mediterranean concession areas at a depth of 300-1500 meters, utilizing the Valaris DS-12 deepwater drilling rig. The agreement marks the next phase of bp’s new drilling program in Egypt. This follows a preliminary Memorandum […]

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Peru Targets Saudi, American, Ecuadorian Investments to Revive Energy Sector

Peru’s Energy and Mines Minister, Jorge Luis Montero, expects to sign a memorandum of understanding (MoU) with Saudi Arabia in November to collaborate on lithium and other critical mineral projects. The minister plans to travel to Saudi Arabia next month alongside Peru’s foreign minister to finalize broader economic agreements with Gulf nations as part of the country’s […]

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Iraq Strengthens Energy Ties with Oman, Turkmenistan

Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation. The State Oil Marketing Organization (SOMO) unveiled talks to build a pipeline linking Basra to Oman, aiming to broaden export channels, boost capacity, and reinforce Iraq’s output growth. SOMO highlighted […]

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EGAS, bp to Drill Five Exploratory Gas Wells in the Mediterranean

The Egyptian Natural Gas Holding Company (EGAS) has signed a memorandum of understanding (MoU) with bp for assessing opportunities to implement a drilling program of five exploratory wells at depths ranging from 300 to 1,500 meters in the Mediterranean Sea. The agreement aims to accelerate natural gas production from the West Nile Delta by leveraging […]

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SCzone Signs MoU with Japan for Green hydrogen Cooperation

Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone (SCzone) signed a Memorandum of Understanding (MoU) for cooperation on green hydrogen with TANAKA Shin-ichi, Director General of the  Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government, on August 20. The signing ceremony took place in the presence of Tokyo Governor Yuriko […]

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ExxonMobil Inks MoU for Developing Four Blocks in Libya

The National Oil Corporation (NOC), along with the major international oil company ExxonMobil, signed a new Memorandum of Understanding (MoU) after a decade of halt. Under the MoU, ExxonMobil will conduct a detailed technical study of four Libyan offshore blocks located near the northwest coast and the Sirte Basin to identify the resources of hydrocarbons […]

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Saudi Arabia, Syria Boost Energy Cooperation through New MoU

Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, signed a memorandum of understanding (MoU) with Mohammad Al-Bashir, Syria’s Minister of Energy, to expand energy cooperation between the two countries. The MoU covers the fields of petroleum, gas, petrochemicals, electricity, power interconnection, and renewable energy. The signing was followed by a meeting where the two parties […]

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EGPC Signs MoU for Digital Transformation of National Pipeline Infrastructure

The Egyptian General Petroleum Corporation (EGPC) signed a strategic Memorandum of Understanding (MoU) with its partners, the Siemens, DNV, and EnExpert Energy Consortium. It aims to enhance safety levels and improve the efficiency, security, and sustainability of the petroleum pipeline network for crude oil and petroleum product transportation and storage. It also reinforces Egypt’s position […]

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Egypt, China’s Asia-Potash Ink Major Phosphate Cooperation Deal

The Mineral Resources and Mining Industries Authority (MRMIA) signed a Memorandum of Understanding (MoU) with China’s Asia-Potash International Investment (Guangzhou) Co., Ltd. The MoU is designed to strengthen joint cooperation in exploring and assessing phosphate ore reserves. The objective is to maximize the added value of this crucial resource. The signing took place in the […]

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MRMIA, Wadico Sign Agreement to Explore Oil Shale Opportunities

The Mineral Resources and Mining Industries Authority (MRMIA) signed a Memorandum of Understanding (MoU) with New Valley Company for Mineral Resources and Oil Clay (Wadico) to cooperate in completing geological, technical, and economic studies to assess oil shale reserves in Egypt and develop an integrated plan for their optimal exploitation, noted a statement issued by […]

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UEE Signs 20 MWP Hybrid Solar Deal with LONGi for Oilfield Decarbonization

United Energy Egypt (UEE) has signed a Memorandum of Understanding (MoU) with LONGi Green Energy, a global leader in solar technology, to deploy a 20-megawatt (MW) hybrid solar power system across six oil fields. The project is expected to deliver 24,800 megawatt per hour (MWh) of annual clean energy, powering more than 6,000 Egyptian households, […]

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Wadico is to Launch Egypt’s First Oil Shale Exploration and Production Project

New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exploration and production of oil shale. The agreement aligns with Egypt’s national drive to develop its mining sector and […]

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Baker Hughes, Petronas Enter Agreement to Support Asia’s Energy Expansion, Transition  

Baker Hughes and Petronas have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at exploring business opportunities that could contribute to advancing Asia’s energy growth and transition efforts. According to the MoU, the two companies will work together in enhancing local supply chain capabilities and assessing the potential implementation of various […]

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bp to Redevelop Mature Fields in Libya

bp signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin. Under the MoU, bp will also explore the exploration potential of adjacent areas and examine the wider unconventional oil and gas potential within the country. The […]

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El Sewedy Electric Signs MoU for Phosphate Exploration in El-Sebaeya Mines

The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with El Sewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation, and production of phosphate ore in the Nile Valley region (El-Sebaeya mines), in addition to increasing the concentration of the ore and preparing a feasibility […]

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El Sewedy Electric Signs MoU for Phosphate Exploration in El-Sebaeya Mines

The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with El Sewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation, and production of phosphate ore in the Nile Valley region (El-Sebaeya mines), in addition to increasing the concentration of the ore and preparing a feasibility […]

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ExxonMobil Signs a MOU to develop Azerbaijan’s oil and gas Resources

ExxonMobil Corporation and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a Memorandum of Understanding (MoU) to partner on enhancing Azerbaijan’s oil and gas resources. SOCAR President Rovshan Najaf and ExxonMobil Vice President John Ardill signed the agreement. The agreement outlines plans to deepen collaboration in exploration, production, and energy innovation. “We’re […]

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UEG, AlexFert to Partner on Green Ammonia Project

United Energy Group (UEG), a global leader in renewable energy, has signed a Memorandum of Understanding (MoU) with Alexandria Fertilizers Company (AlexFert), one of Egypt’s largest fertilizer producers, to develop a project to produce green ammonia from green hydrogen. Using renewable energy in the process, the project replaces traditional production methods based on fossil fuels […]

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EGPC, Baker Hughes to Partner Bolster Safety and Sustainability in Oil Sector

In a significant move to enhance safety and environmental stewardship within the Egyptian petroleum sector, the Egyptian General Petroleum Corporation (EGPC) has inked a memorandum of understanding (MoU) with global energy technology company Baker Hughes. The MoU, signed by EGPC Chairman Salah Abdel Kerim and Baker Hughes Egypt General Manager Amro Ismail, will see the […]

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