dispute | Egypt Oil & Gas

Egypt to Pay Union Fenosa $2B in Gas Dispute

Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012, The Financial Times reported. Union Fenosa, a joint venture (JV) between Ital...

Oil Firms Reject Tanzania’s Petroleum Act 2015

Oil firms are in dispute with the Tanzanian government over local content obligations contained in Petroleum Act 2015. These disagreements have appeared as the Tanzanian government started collecting stakeholders̵...

Nigeria: Oil Union Leaders, Government Discuss Strike Issues

Nigeria’s government officials held talks with leaders of Nigerian trade union, who are on strike, in efforts to resolve the existing disputes, Reuters announced. Around 10,000 Petroleum and Natural Gas Senior S...

Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute

Ecuador’s President Rafael Correa said on Saturday that his country is in ‘friendly’ negotiations with Occidental Petroleum Corp over the payment of a $1.77b award the Latin American nation was order...

Kuwaiti CEO Hails Saudis in Wake of Khafji Oilfield Dispute

Kuwait has rushed to assert that relations with Saudi Arabia are robust and distinguished as it launched a probe to determine how a secret correspondence between oil ministers of both countries had been leaked. In the...

Venezuela Demands Guyana Stop Oil Exploration in Disputed Territory

Venezuela’s President Nicolas Maduro demanded on Tuesday that neighbouring Guyana stop oil exploration in a disputed offshore territory. The exploration is being carried out by US oil giant ExxonMobil. Venezuela...

Iran Gas Denies Iranian Report of Underpriced UAE Gas Deal

National Iranian Gas Company (NIGC) has denied reports on negotiations with the United Arab Emirates’ Crescent Petroleum to revive a troubled gas export deal. “As the issue does not concern the National Iranian ...

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