IPR Energy to invest $110M in well drilling projects in Egypt

Updated 2/20/2024 6:55:00 AM
IPR Energy to invest $110M in well drilling projects in Egypt

Arab Finance: IPR Energy Group Egypt is planning to invest $110 million in new well-drilling projects in New Alamein City and Fayoum in Egypt, according to a statement.

This came during a meeting between the Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla and a delegation from the company on the sidelines of the of the first day of the Egypt Energy Show (EGYPES 2024).

Chairman of IPR Energy Mahmoud Dabbous stressed his firm’s commitment to boost its investments in Egypt in both resources and technologies, along with continuing production, especially in the New Alamein region.

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