Eni, BP to Export Gas Through Idku Liquefication Plant
The Ministry of Petroleum has allowed Eni and BP to export natural gas produced from Zohr and North Alexandria through the Idku Liquefaction Plant, after meeting the local market needs.
BP | Egypt Oil & Gas - Part 17
Dragon Oil Acquires BP’s Stake in GUPCO
Dragon Oil has reached a full agreement with BP for the acquisition and the deal is expected to be completed after obtaining the Egyptian Ministry of Petroleum’s approval in H2 2019 following the necessary procedu ...
GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO
The $600 million transaction is a part of Dragon Oil's $13 billion expansion plans, of which $500 million are allocated for acquisition transactions in 2019.
BP Seeks Approval to Sell GUPCO’s Stake
The Ministry of Petroleum will issue the approvals after Dragon Oil confirms its commitment to the new terms of agreement with BP in GUPCO's concessions.
BP to Sell Egyptian Stake to Dragon Oil
The transaction is set to take place in the coming weeks and would be the end of BP's 50 years journey in the Gulf of Suez Petroleum Company (GUPCO).
BP to Boost Production from Giza, Fayoum Fields to 700 mmscf/d
BP plans to add 300 million standard cubic feet per day (mmscf/d) from Giza and Fayoum natural gas fields to production.
El Molla Meets IOCs’ CEOs
El Molla met with CEOs of Schlumberger and BP to discuss the companies' work in Egypt.
BP, Eni Ink HoA with Oman
BP and Eni signed a heads of agreement (HoA) with the Omani Ministry of Oil and Gas for more exploration opportunities in the country.
BP, Mubadala Purchase 45% Stake in Eni’s Noor Concession
Egypt has approved the sale of a 25% stake in Eni's offshore exploratory Noor concession to BP.
BP to Invest $1.8B in Egypt
BP will spend $1.8 billion in Egypt next year, according to BP’s chief executive Bob Dudley.
