China | Egypt Oil & Gas - Part 21
China to Sell $9.45b Stakes in Gas Pipeline
China Petroleum & Chemical Corporation (Sinopec), the second-largest oil and gas group in the country, plans to sell 50% of its premium Sichuan-East China natural gas pipeline business to investors.
Eni, Exxon to Jointly Develop Mozambique Offshore Gas Project
Italy's oil and gas giant Eni has reached an agreement with US ExxonMobil to sell its multi-billion dollar stake in the planned offshore liquefied natural gas (LNG) development project in Mozambique.
China Eying Oil, Gas Investments in Sudan
The Sudanese Minister of Oil and Gas, Dr. Mohamed Zayid Awad, has stated that Chinese companies are willing to invest in Sudan's oil and gas industry, with reference that China already holds 75% of foreign oil invest ...
China Cancels $6b Uranium Plant over Public Protests
China's plan to build a $6b uranium processing plant in the southern province of Guangdong was canceled after about a thousand people took to the streets demanding the project was scrapped over public health and envi ...
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Egypt Signs Solar Power MOU with China’s TBEA
Egypt has signed a memorandum of understanding (MOU) with Chinese company TBEA to construct a new 1,000 MW solar energy power plant.
Chinese Workers to Construct Kenya’s $2b Coal Power Plant
A number of 1,400 Chinese workers are to be hired through the Chinese developer, contracted by Amu Power Company, for the construction of Kenyan Lamu's coal power plant worth $2b.
Egypt Negotiates LNG Imports
The Egyptian government is in negotiations with the states, that are involved in a joint-cooperation agreement with Egypt and own LNG companies, to supply Egypt’s LNG requirements for two years. 
