deal | Egypt Oil & Gas - Part 5

Global Oil Producers to Debate Oil Output Freeze in mid April

OPEC and non-OPEC producers – Qatar, Saudi Arabia, Russia, and Venezuela – are expected to hold a meeting in the Qatari capital on April 17th to debate oil output freeze on the January 2016 levels. The mee...

South Sudan Strikes New Deal with Sudan on Oil Transit Charges

South Sudanese government announced that it has reached an understanding with the government of neighbouring Sudan from which it seceded in 2011 to reduce charges for transporting crude oil to the international market...

Ghana’s Opposition Calls for Review of ENI Oil&Gas Deal

Ghana’s leading opposition, the New Patriotic Party (NPP), asked the Italian Prime Minister, Matteo Renzi, –during his two-day visit to the country– to review the terms of a deal between the Italian oil company, ENI a...

Libyan Oil Finds a Consistent Buyer in Glencore

Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, Glencore has secured a deal to buy roughly the half of the oil Libya is currently exporting, Finantial Times reported....

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

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 oi...

Iraq Signs $526.6 Million China Deal to Drill 66 Wells

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. Under the 28-month contract, Zhongman Petrol...

Saudi Aramco and KACST Ink Deal for High-Tech Venture

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. Following their agreement, a N...

Egypt cancels gas deal with Israel

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-I...

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