Bahrain Considers Selling Oil Assets
Bahraini Oil Minister, Mohammed bin Khalifa, announced that there is a probability of transferring some of its oil and natural gas assets into a proposed state-run fund to sell shares to investors.
foreign investments
IOCs Investments to Reach $10 B in FY 2019/20: El Molla
International Oil Companies (IOCs) plans to pump investments of around $10 billion on exploration and production (E&P) activities during the next fiscal year (FY) 2019/20.
Egypt to Attract $10B Foreign Investments in Oil, Gas
Egypt will attract around $10 billion in foreign investments in the oil and gas sector during fiscal year 2018/19.
Iran Delayed Contracting Chosen Bidders Until Reviewing IPC
The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders for hydrocarbon deposits earlier this year.
Egypt Aims to Reschedule Debt Payment to IOCs in 2017
Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019. Iran to Develop 25 Petchem Projects
An official at the Irani state-run National Petrochemical Company (NPC) said that Iran is seeking investment to build 25 petrochemical projects.
Enel to Grow Renewable Ventures
Italian Enel will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries.
Sudan’s Oil Output Declined
Sudan's oil production has dropped to between 95,000 to 100,000b/d, while the country has partially lifted fuel and electricity subsidies as part of an economic reform package aimed at cutting government spending.
Israel to Tender 24 Offshore Exploration Blocks
Israel is preparing to tender 24 offshore exploration blocks to be offered in an international bidding process through which energy companies will compete for rights to participate in exploration for oil and natural gas in the country’s economic waters.
