Agreement | Egypt Oil & Gas - Part 31
Saudi Arabia, China Sign $65b Preliminary Deals
China and Saudi Arabia have signed preliminary deals that could be worth as much as $65b if finalized. One of the preliminary agreements envisages the joint development of downstream and petrochemical projects in China.
Kenyan KPC, KPLR Sign 3-Year Lease Agreement
Kenya Pipeline Company (KPC) has signed a 3-year lease agreement with Kenya Petroleum Refineries Limited (KPRL) as it looks to expand the country’s oil storage capacity.
OPEC Reaffirms Commitment to Production Cut
According to Saudi Energy Minister, Khalid al-Falih, oil market fundamentals were already improving after the agreement, and oil prices are up more than 10% since the output curb deal was struck in November 2016, sta ...
Egypt, Siemens Sign a $252.82m Transmission Stations Agreement
The Egyptian Electricity Ministry signed a $252.82m agreement with Siemens to build 6 power transmission stations.
Egyptian Cabinet Mulls Adjusting Natural Gas Prices
The Egyptian Cabinet headed by Eng. Sherif Ismail, is considering adjusting natural gas prices of some agreements signed with foreign oil companies operating in the Egyptian petroleum sector.
ADNOC, Vitol Signed 10-Year LPG Agreement
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000t/y of liquefied petroleum gas (LPG), to Vitol over the next ... OPEC: Egypt May Join OPEC’s Oil Output Cap Agreement
OPEC's General Secretary, Mohamed Barkindo, said at a press conference that Egypt may join OPEC’s oil production cap agreement.
Dana Gas to Freeze Investments
Dana Gas confirms freezing investments in Egypt over unpaid arrears of $265m.
