Eni | Egypt Oil & Gas - Part 53

Correction: Egypt to Produce 26 Tcf from Zohr

Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.

Libyan National Oil Corp. Meets with Majors

The chairman of Libya’s state-run National Oil Corporation met with major oil companies to discuss plans to expand the country’s declining petroleum production.

Petrobel to Complete Zohr First Stage by 2017

Petro Shorouk, the subsidiary of Petrobel, which will be tasked to complete the first stage of development of the Zohr Field by the end of 2017, is near official formation.

Zohr Discovery Boosts Investment Interests in Mediterranean

Eni’s discovery of the Zohr field on Egypt’s Mediterranean coast has raised foreign companies' interest and attracted potential investments in the deep water areas nearby.

Cyprus Extends Exploratory Drilling Licenses to ENI

The Cyprus government has approved a two-year extension for the licenses of Italy's ENI and its South Korean partner KOGAS to explore oil and gas reservoirs off the southern coast of the Mediterranean island.

Drilling Begins at Zohr Field

ENI has begun drilling at Egypt's Mediterranean Zohr field. The company is expected to invest $12b in 20 wells to be completed over 26 months.

ENI Declares Force Majeure on Nigeria’s LNG Export Plant

ENI has declared force majeure on loadings from Nigeria's LNG export plant due to sabotage on the Ogoda-Brass transport line, planning to reschedule some shipments.

ENI, Sonangol Commit to Update Plans for Lobito Refinery

Angolan state oil company Sonangol signed a commitment with Italian ENI to upgrade current plans for the completion of the Lobito refinery site, delayed over rising costs and financing problems.

Iran Announces Post-Sanction ENI Drilling Project

The National Iranian Drilling Company (NIDC) announced it had signed a memorandum of understanding (MoU) with the subsidiaries of the Italian Company ENI to launch drilling of 40 wells in the South Azadegan oilfield.

ENI CEO: Oil Investment Cuts Raise Concerns

Italy's ENI CEO, Claudio Descalzi said that the $200b cuts in oil investment in 2015 will continue next year, raising concerns that it may create an imbalance between supply and demand.

Page 53 of 62

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