CNPC | Egypt Oil & Gas - Part 2
ADNOC Contracts CNCP in $1.6B Seismic Survey Deal
Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth $1.6 billion to China National Petroleum Company (CNPC) affiliate, BGC Inc., for the world’s largest onshore and offshore 3D seismic survey, Reuters r...
Iraq to Increase Production from Rumaila
Iraq aims to increase production at the Rumaila oilfield by 50,000 barrels per day (b/d) in 2018, an official at the field told Reuters. The oilfield currently produces 1.45 million b/d, the official said, which will ...
CNPC Expresses Interest in Iraq’s Majnoon
China National Petroleum Corporation (CNPC) is interesting in developing the Majnoon oilfield in Iraq, Reuters reports. A number of other firms, such as Eni, BP, Chevron, and Total have also expressed interest in the ...
ADNOC Awarded 12% Onshore Stake to China
Abu Dhabi National Oil Co. (ADNOC), the UAE’s main state oil firm, announced late February that it has awarded a combined 12% stake in a mega onshore venture to two Chinese companies, CEFC China Energy Co. and China N...
Eni Seeks Investments for Mozambique’s Gas Field
Italian oil firm Eni has approached banks for billions of dollars to finance Mozambique’s huge offshore gas development, Reuters reported. Eni met with bankers in London, late September, to discuss financing for...
Iraq to Review Oil Foreign Contracts
During a meeting with British Petroleum (BP), the Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are ...
China Eying Oil, Gas Investments in Sudan
The Sudanese Minister of Oil and Gas, Dr. Mohamed Zayid Awad, has disclosed that Chinese companies desire to invest in the country’s oil and gas, pointing out that China already holds 75% of foreign oil investments in...
CNPC to Construct Second China-Russia Oil Pipeline
The neighbors China and Russia –one of the world’s biggest oil producers, next door to the biggest oil user after the US–, are deepening its relation. China National Petroleum Corp. (CNPC) will start laying a second d... 
