assets | Egypt Oil & Gas - Part 2
PMS Raises Assets by $3 MM in 2019
Petroleum Marine Service (PMS) raised its assets and units by about $3 million in 2019, according to a statement. Ashraf Emam, Chairman and Managing Director of PMS, said that in 2019 the company had maintenance works...
Yorktown to Sell Merlon Egypt Business
Yorktown Partners has announced that it will sell Merlon International, an oil and gas company focused on exploration and production in Egypt’s Western Desert region, banking sources told Reuters. The two unname...
Shell to Sell Iraqi Oil Assets
Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30b asset disposal program, reported Reuters. Shell is seeking to slim down its vast oil and gas portfolio following the $5...
Apache CEO Glad over Assets in Egypt
Apache CEO, John Christmann, told Houston’s Offshore Technology Conference that he is glad the company held on to its assets in Egypt, while it has been selling most of its international holdings, Fuel Fix reported. H...
Chemical Group INEOS Buys 12 North Sea Fields
The Swiss chemicals company INEOS has purchased 12 gas fields in the North Sea, Reuters reported. The fields were purchased from Russian billionaire Mikhail Fridman’s investment fund LetterOne. The Russian busin...
Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi
According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017. “In consultation with the Ministry of Petroleum, three price options of $42, $4...
Spanish Giant Abengoa to Sell Assets, Free up Cash
The Spanish firm Abengoa, a major multinational company with concentrated interests in biofuels, solar, and other renewable technologies, is in the process of selling hard assets in a bid to free up cash, Reuters repo...
Egyptian and Italian Firms Coalescing Round New Solar Power Project
Misr Asset Management (MAM) is planning to inaugurate a solar power plant by end of 2015, at investment cost worth US$50 million. Speaking to Amwal Al Ghad on Tuesday, MAM’s managing director Hassan Abdel-Hamid stated...
