Browsing: Texas’ Noble Energy

Egypt Signs several multimillion-dollar energy deals at Investment Forum

Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million gas deal with Texas’ Noble Energy.

The deal will allow the Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company’s pipeline.

Under another agreement with Noble Energy, the energy company in partnership with the Egyptian company Dolphinus Holdings will manufacture petroleum products. The project will be also be financed by the U.S. International Development Finance Corporation.

Egypt’s cabinet detailed the plans at the end of an Africa investment forum held on the site of the new Egypt’s planned administrative capital in the desert east of Cairo.

Lekela, Amsterdam-based company also announced it would start construction work on its West Bakr wind power plant, which will require a total investment of $350 million with a capacity of 250 megawatts.
According to the cabinet statement, Chris Antonopoulos, Lekela CEO said Siemens Gamesa would …