Aramco has signed 50 new Memoranda of Understanding (MoUs) at the In-Kingdom Total Value Add (iktva) Forum and Exhibition.
Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new agreements with TransGlobe and Pharos Energy to search for, develop and produce petroleum in several regions in the Eastern and Western Desert, with a total new minimum investment of $506 million, and a signature grant of $67 million to drill 12 wells.
The Saudi Arabian Oil Company (Aramco) announced that it has signed an agreement in addition to nine Memoranda of Understanding (MoUs) with major Korean entities aiming to advance its downstream strategy and develop low-carbon energy solutions.
The Egyptian Parliament, chaired by, Ahmed Saad El-Din, First Undersecretary of the Parliament, approved a draft law submitted by the government licensing the Minister of Petroleum and Mineral Resources, Tarek El Molla, to contract with EGPC and partners for oil exploration.
Cenovus Energy company announced that it has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects.
TotalEnergies company, Iraqi Ministers for oil and electricity, and the country's National Investment Commission have signed four major agreements for developing oil and gas as well as solar energy projects worth $27 billion with expected revenues of $95 billion.
Gazprom company announced that it has signed several cooperation agreements, during at the Eastern Economic Forum 2021, for constructing projects at the Far East.
Rosneft has signed 73 cooperation agreements for a total of 616.5 billion rubles at the XXIV St. Petersburg International Economic Forum (SPIEF), including over 50 contracts for a total of 558.8 billion rubles to implement the strategic project Vostok Oil, according to Rosneft’s press release.
Korra Energi has struck a deal with an unnamed American company to supply the equipment and technology system for the flare gas recovery project, Mohamed Medhat, Company’s Head of Energy Solutions, stated.