BusinessEnergy

Egypt’s $5.7 Billion Oil Expansion: 480 Wells Planned to Boost Production

Egypt has unveiled an ambitious plan to drill 480 exploratory oil wells with $5.7 billion in investments over the next five years. The massive initiative includes partnerships with international energy giants Eni and BP, with 101 wells scheduled for 2026 across Egypt’s main regions.

Egypt’s petroleum sector is poised for significant expansion with the announcement of a comprehensive plan to drill 480 exploratory oil wells backed by $5.7 billion in investments over the coming five years. This strategic initiative represents one of the most substantial energy sector developments in recent Egyptian history, aimed at reversing declining production and strengthening the country’s position in global energy markets.

Egypt’s Ambitious Energy Investment Strategy

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Salesforce CEO Declares Agentforce AI “Part and Parcel” of Company Strategy Amid Stock Challenges

Marc Benioff told CNBC’s Jim Cramer that Agentforce has become fundamental to Salesforce’s platform with tens of thousands of deployments. The CEO pushed back against concerns that AI threatens enterprise software companies.

In a revealing interview with CNBC personality Jim Cramer, Marc Benioff made his strongest statements yet about the centrality of artificial intelligence to Salesforce‘s future. The Salesforce CEO declared that the company’s AI program Agentforce has evolved from an add-on feature to becoming “part and parcel” of the entire organization. This announcement comes at a critical juncture for the cloud software giant, which has seen its stock decline significantly throughout the year as investors seek accelerated growth.

Agentforce: The Beating Heart of Salesforce’s Platform