Eni Announces Second Oil Discovery in Egypt’s Western Desert
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt's Western Desert.
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt's Western Desert.
The Ministry of Petroleum is looking into constructing a petrochemical and refining facility in New El Alamein City.
Eni has denied media reports that the company has discovered a new gas field in the eastern Mediterranean.
Egypt oil minister Tarek El Molla discussed Egyptian-Italian collaboration with the Italian Ambassador to Cairo Giampaolo Cantini on June 3.
Eni will start exploration drilling at Noor field off North Sinai shore within two months.
Eni and Tharwa Petroleum may begin exploration drilling in the anticipated Noor gas field in August, according to an anonymous source.
Egypt may stop importing liquefied natural gas (LNG) by Q4 2018 and start exporting it at the beginning of 2019.
ENi CEO Claudio Descalzi said that the company is investing a further $3 billion into the sector on top of the $8.4 billion it is already investing.
President Abdel Fattah El Sisi met Eni CEO Claudio Descalzi today to follow up on the Italian company’s projects in Egypt.
Eni has sold a 10% stake in Egypt's Shorouk offshore concession to Mubadala Petroleum for more than $1 billion.