development | Egypt Oil & Gas - Part 8

Egypt Presents Project Proposals for Saudi Investment

Egypt has presented proposals and feasibility studies for projects in the energy, housing, agriculture, and tourism sectors to the Saudi Arabian government for examination and possible investment.

Egypt, Saudi Arabia Reach Financing Agreements for Development

Egypt and Saudi Arabia have come to terms on a number of loans for investment and development projects in Egypt, that Riyadh has pledged to Cairo since March 2015.

Norway to Help Kenya Develop its Oil Sector

Kenya has entered into a long-term 'Oil for Development' program agreement with Norway to develop its local oil sector by providing support in the management of Kenya's natural resources and protection of the environ ...

Senegal Consortium Expanding Drilling Prospects for SNE Block

FAR and its Senegal joint-venture partners Cairn Energy, ConocoPhillips and Petrosen are planning to transform the SNE (SEN, 32/11) Field off Senegal into a development hub

Brazil Oil Regulator Eases Fines on Producers to Improve Development

Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.

Shell Slashes Spending for 2015-2017

Royal Dutch Shell PLC has curtailed more than $15 billion in potential spending over the next 3 years, but is not “not overreacting to current low oil prices,” and is keeping its “best opportunities on the table,” th ...

Clean Energy Development in Egypt

Egypt was once an exporter of oil and gas, but now it is struggling to meet its own energy needs. The growth in energy consumption is a response to the country's economic expansion, industrialization, and change in ...

Iraq Prepares 5-Year O&G Development Program

The Iraqi Oil Ministry and the Planning Ministry have prepared a five-year program of development of oil and gas sector in the country, Iraqi Oil Ministry spokesman Asym Jihad told Trend on Monday.

Iran oil development fund could reach $55bln-president

Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the fa ...

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