Eni | Egypt Oil & Gas - Part 25
NOC, ENI Discuss Resuming Suspended Projects
The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has met with the CEO of ENI, Claudio Descalzi to discuss resuming the important projects which were suspended because of the lack of financial budge...
Eni Reaches Agreement with Egypt to Restart Damietta LNG Plant
Eni, the Italian giant, has come to an agreement with the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and its Union Fenosa Gas (UFG) partner Naturgy to finally re-op...
El Molla Expects Oil Prices to Average Around $50/bbl in 2021
Oil prices are expected to average around $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Med...
NOC, Eni Discuss Future Cooperation in Libya
Libya’s National Oil Company (NOC)’s Chairman of the Board of Directors, Mustafa Sanallah, met with the Executive Director of Operations at Eni, Alessandro Politi, to discuss the future development of the ...
Venezuelan Crude Inventories Surge as Sanctions Loom
Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August, surging to 11.8 million barrels (mmbbl) as of October 24, more than double the 5.6 mmbbl registered a month ear...
Al-Sisi Supports Expansion of Eni’s Investments in Egypt
The Egyptian President Abdel Fattah Al-Sisi directed the Ministry of Petroleum and Mineral Resources to intensify cooperation with Eni for more exploration and production activities (E&P) in Egypt, a statement iss...
Gastec Delivers Eni’s Lubricants to Agiba
The Egyptian International Gas Technology (Gastec) has delivered the first shipment of over 9 tons of lubricants to Agiba Petroleum Company’s production field in the Meliha, Western Desert, according to a statement. T...
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition, according to Reuters. This new cost-cutting initiative is known as “Project R...
