foreign investments | Egypt Oil & Gas - Part 2
Iran Approves IPC Terms
Iran's Council of Ministers has passed a regulation governing the general conditions, structure, and terms of upstream oil and gas contracts called Iran Petroleum Contract (IPC). Oil Minister: Egypt Witnesses Balance amid Oil Prices Decline
Tarek El Molla, Minister of Petroleum and Mineral Resources, said that Egypt is witnessing a state of balance with regard to dwindling global oil prices. Although this decline in oil prices may slow down the flow of ...
Egypt’s Central Bank Records $27m Increase in Foreign Reserves
The Central Bank of Egypt (CBE) revealed that the foreign exchange reserves increased during March by approximately $27m, registering $16.561b, compared to $16.534b in February.
Mexican Pemex Seeking New Investors Amid Liquidity Crunch
Pemex, Mexico’s state oil company, is hoping that an infusion of capital from private equity firms and other foreign investors will help it stave off a pressing liquidity crunch.
Iran LNG Project to Remain Nationally Owned
Iran has made it abundantly clear that it has no plans to sell shares in the country’s LNG scheme to foreign companies, scheduled to be completed within three years.
