Eni | Egypt Oil & Gas - Part 34
Mubadala to Acquire 20% of Noor Concession
UAE investment fund Mubadala has reached an agreement with Eni to buy a 20% stake in the Noor offshore concession, Reuters reported. Eni currently owns 85% of the concession’s stakes, while Tharwa Petroleum owns...
Lebanon to Start Gas Exploration by 2019-End
Lebanon is expected to start exploring for natural gas by the end of 2019 through a consortium led by French oil major Total, second vice-governor of Lebanon’s central bank, Saad Andary, revealed at a press conference...
Eni to Invest $5B in Zohr Gas Processing Plant
Eni has estimated that it will invest $5 billion to construct a gas processing plant for Zohr natural gas field, Arab Finance reported. The plant’s capacity is set to be 3.2 billion cubic feet per day (bcf/d) of natur...
Sonatrach Signs Offshore Exploration Deals with Eni, Total
State-owned Algerian firm Sonatrach has signed two offshore exploration contracts with oil majors Total and Eni, according to Reuters. The agreement was signed by Eni chief executive Claudio Descalzi, Total chief exec...
Eni Starts Drilling Ninth Zohr Well
Eni has started drilling the ninth well at the Zohr natural gas field, a source in the oil and gas sector told Al Borsa. The company has invested $300 million during the current drilling operation, the source said. En...
Eni, Naturgy in Talks to Re-open Damietta Liquefaction Plant
Talks between Eni and Naturgy regarding the re-opening of the Damietta liquefaction plant are at an “advanced stage”, Reuters reported. Operations at the Damietta plant are expected to start in 2019. The M...
Eni to Sell Faramid Gas to Petroleum Ministry
Eni has agreed to sell the natural gas produced by the Faramid well to the Egyptian Ministry of Petroleum for $2.60 per 1 million British thermal units (mbtu), the Middle East North Africa Financial Network (MENAFN) r...
Eni Seeks License to Construct Egyptian Solar Plant
Italy’s Eni has requested a license from the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) to establish a 50 MW solar power plant, sources at the Ministry of Electricity told Al ...
