asset sale | Egypt Oil & Gas - Part 2
Saudi Aramco to Sell More Assets
Saudi Aramco is aiming to sell more of it business assets in order to provide a US dollar liquidity, according to Economic Times. Saudi Arabia started the stocktaking of its assets in 2020. In April 2021, it raised $1...
SDX Sells 50% of North West Gemsa License for $3 MM
SDX Energy has announced that it sold 50% working interest in the North West Gemsa license which is located in the Eastern Desert, to Gulf Energy, a private Egyptian oil and gas company, for an amount of $3 million, a...
Lazard to Advise Naftogaz on the Sale of its Egyptian Assets
Naftogaz Ukrainy has hired Lazard Freres SAS as a consulting company to advise it on the sale of its Egyptian assets, reports Amwal Al Ghad. Lazard will advise Naftogaz on the sale of its concessional rights and liabi...
Nigeria Seeks $16.4b through Asset Sales
Nigeria’s Federal Government plans to generate up to $16.4b through asset sales in the next four years to reduce the burden on the nation’s budget, All Africa informed. According to Bloomberg, the sales will hel...
Chevron to Sell African Assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron’s South African downstream assets, which include a 110,000b/d refinery in Cape Town, Reuters reported. The second bidding round in which actual o...
