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Madbouly: IOCs Commit to Invest $19Bn Over Three Years
May 7, 2026
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Posted 3 hours ago by
Egypt has secured investment commitments exceeding 19 billion from international oil companies (IOC)s over the next three years, Prime Minister Mostafa Madbouly said during the cabinet’s weekly meeting. He broke down the figure to: 8 billion from Italy’s Eni, 5 billion from British Petroleum(bp), 2 billion from the UAE’s Arcius Energy, and 4 billion from [] The post Madbouly: IOCs Commit to Invest 19Bn Over Three Years first appeared on Egypt Oil Gas.
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