Europe | Egypt Oil & Gas - Part 7
EFG Hermes Closes $618m European Wind Farm Deal
Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, ED...
US LNG New Trade Could Trigger Price War in Europe
Portuguese Galp Energia has bought the first European cargo loaded with US natural gas, which started its way from Cheniere’s Sabine Pass facility, in Louisiana, to Port of Sines in Portugal at the end of April. Accor...
Aramco, SUMED Expand Saudi Oil Shipment to Europe
Saudi oil company Aramco and Egypt’s SUMED signed an agreement to increase the former’s oil pumping to its customers in Europe via SUMED’s pipeline, according to a ministry’s press release. The deal was si...
Russia’s Gazprom Argues Against Sharing Gas Exports to Europe
Russian gas export monopoly Gazprom said that it would not be in accordance with Russia’s national interest to allow Novatek and Rosneft to export gas to Europe, Reuters reported citing RIA news agency. “I... Gazprom Expects Record Gas Exports to Europe in 2016
Russian energy giant Gazprom expects that its gas exports to Europe will reach record levels in 2016 as in March the export levels recorded a 9% increase year-on-year, Sputnik News reported. According to Gazprom, its ...
Russia’s Rosneft to Increase Oil Deliveries to Europe by 3%-5%
Russia’s largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/year in 2016, or by 3% to 5% year on year, as part of its strategy to strengthe...
Iran Offers Discounted Prices of Crude to Europe
Iran has revealed its oil prices for European buyers for the first time since sanctions were lifted against the Middle East country, Bloomberg informed. Iran Heavy, one of the country’s main export grades, will cost $...
Iran Signs Multiple Oil and Gas Contracts with Europe
Iran has signed multiple contracts with European countries, Russia, Spain, and Italy, for exploration of Iranian oilfields and development of oil and gas projects, reported The Tehran Times. Tehran signed a contract w...
