Eni CEO Dismisses Noor Field Rumors
Eni has denied media reports that the company has discovered a new gas field in the eastern Mediterranean.
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.
The third gas processing unit at Zohr natural gas field began operations on June 14, 10 days ahead of schedule.
Iraq will sign development contracts on June 2 and 3 for six blocks awarded during the last licensing round.