Somalia Risks Paying 90% Oil Revenue to Explorer Under Draft Deal

• Sunday, 31st May 2015
• by Egypt Oil & Gas

Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oil r ...

Iraq Signs $526.6 Million China Deal to Drill 66 Wells

• Wednesday, 20th May 2015
• by Egypt Oil & Gas

Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday.

Saudi Aramco and KACST Ink Deal for High-Tech Venture

• Thursday, 26th April 2012
• by Egypt Oil & Gas

A new joint venture between two major companies in technology and oil sectors has been established to set up a sophisticated center for conducting nondestructive tests in the oil sector.

Egypt cancels gas deal with Israel

• Monday, 23rd April 2012
• by Egypt Oil & Gas

Egyptian energy companies, citing a trade dispute, have terminated a deal to supply Israel with natural gas in a step that may further erode bilateral ties strained by a popular revolt that toppled Egypt's pro-Israel ...