Arab Finance: The Abu Dhabi National Oil Company (ADNOC) is aiming to venture into several projects in Egypt, from oil and natural gas exploration and production to new and renewable energy, the Emirati company’s Executive Director of Low Carbon Solutions and International Growth Directorate Musabbeh Al Kaabi stated.

The Egyptian market is stable and attractive for investments in various petroleum and energy activities, Al Kaabi noted.

This came during Al Kaabi’s meeting with Minister of Petroleum and Mineral Resources Tarek El Molla on the first day of the Egypt Energy Show (EGYPES 2024).

For his part, El-Molla welcomed the expansion of cooperation between Egypt's petroleum sector and ADNOC.

The meeting also tackled a review of the impending agreement between ADNOC and bp for oil and natural gas exploration and production in the Eastern Mediterranean region.

This agreement aligns with Egypt's vision to ramp up exploration activities in this promising area

Egypt signs $140M financing deal for metallic silicon production complex in New Alamein Updated 12/31/2025 1:35:00 PM

Egypt’s petroleum sector wraps up 2025 with stabilized production, new discoveries, Updated 12/31/2025 8:18:00 AM

Beltone plans to acquire UAE-headquartered Lumen Aegis Updated 12/30/2025 9:49:00 AM

Egypt, UAE step up talks on trade, investment, and comprehensive partnership agreement Updated 12/30/2025 7:50:00 AM

UAE stock markets wrap up Mondy's trading session in green Updated 12/29/2025 2:34:00 PM