Search Result for "India"

Reliance may invest $10 bn in Egyptian oil sector

Reliance Industries is thinking of investing about $10 billion in Egypt's oil, petrochemicals and plastics industries, a company spokesman has said.

Egyptian Ministry of Petroleum seals plastic and potash deals

The Ministry of Petroleum ended the week on a high note, approving new Indian investments in different petroleum domains and acquiring a Jordanian bid to produce potash.

Aabar sells drilling services unit to focus on E&P

Aabar Petroleum has reached an agreement with GulfCap Group for the sale of its wholly owned drilling services subsidiary, Dalma Energy LLC, for a debt free cash adjusted enterprise value of approximately US$446 million (subject to working capital adjustments) following a strategic review of Aabar’s activities.

Enoc introduces low sulphur diesel in UAE

The Emirates National Oil Company (Enoc), a wholly-owned Dubai government enterprise, yesterday said it has introduced lower sulphur diesel at Enoc/Eppco service stations across Dubai, Sharjah and the Northern Emirates, conforming to a directive from the UAE government to safeguard the environment.

Essar to shut refinery to raise capacity

Essar Oil Ltd will shut its refinery in western India for three weeks from July 18 to help ramp up its capacity to 210,000 barrels per day (bpd), said a company spokesman.

Syria in talks with CNPC to build $1 billion refinery

Syria is in talks with China National Petroleum Corp. to jointly build a $1 billion refinery in the Middle Eastern country, the official Xinhua News Agency said, citing visiting Syrian deputy prime minister Abdallah al-Dardari.

Petrobras to pick 30% in ONGC’s KG basin block

Brazilian oil company Petro Brasileiro (Petrobras) has agreed to pick up a 30% stake in one of ONGC’s discovered gas blocks in the Krishna Godavari basin. The company, which is among the largest deepwater oil producers in the world, will now jointly operate the block, KG-DWN-98/2, with ONGC.

Shell opens Egyptian field to ONGC

Royal Dutch Shell has offered India's state-run Oil & Natural Gas Corporation (ONGC) a 33% stake in an exploration field off Egypt, Indian media reported today.

Qatar signs MoU on construction of oil refinery in Tunisia

Tunisia and Qatar signed a memorandum of understanding (MoU) on Saturday whereby Qatar Petroleum would construct a refinery at Sukhaira Port, along Tunisia's southern coast, with a production capacity of 150,000 barrels per day.

Shell files lawsuit against Centrica, Repsol on Nigeria Blocks

Anglo-Dutch oil major Royal Dutch Shell PLC (RDSB) Tuesday filed a lawsuit in Abuja Nigeria against three companies over the award of two oil and gas blocks in last week's licensing rounds.

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