development | Egypt Oil & Gas - Part 7

Douglas OHI Awarded 2 Contracts in Oman’s Duqm Refinery

Douglas OHI won a $42.1 million deal that includes civil and underground piping to develop the new Duqm oil refinery in Oman.

SABIC to Proceed with its Growth Plans

The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.

Iran to Launch Pars Field Development Phases

South Pars has a production capacity of around 110 mcm/d.

Egypt, Germany to Discuss Petrochemical Projects

Egypt discusses cooperation with German technological companies to develop petrochemical and refining complexes.

Egypt to Develop 11 Oil and Gas Projects in FY 2019/20

The 11 E&P projects in the oil and gas field will be located in the deep waters of the Mediterranean Sea, the Gulf of Suez, Delta and the Western Desert.

Qatar Petroleum Acquires 35% Stake in Eni’s Mexican Offshore Oil Fields

Qatar Petroleum has signed a deal with Eni to acquire a 35% stake in three of the Italian company's Mexican offshore oilfields.

China Reveals $20B Loan Package for MENA Countries

Chinese President Xi Jinping on Tuesday pledged $20 billion in loans, and about $106 million in financial aid, to Middle East nations.

Russian Firms to Bid for Iranian Shadegan Oil Field

Two Russian firms are reportedly preparing bids and technical proposals to develop the Shadegan oil field in southern Iran.

Egypt Allocates EGP 25B to Develop Electricity Grid

Egypt has allocated EGP 25 billion to be spent on developing the national electricity grid over the next two years.

Russian Iran Hydrocarbon Investments May Exceed $50 B

Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.

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