Nigeria, IOCs Settled for $5b

• Wednesday, 9th November 2016
• by Egypt Oil & Gas

Nigerian Oil Minister Emmanuel, Ibe Kachikwu, said that the country has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production. This settlement related...

Nigeria Sues Big Oil for $12.7b

• Thursday, 22nd September 2016
• by Egypt Oil & Gas

Nigeria is suing several leading oil companies for $12.7b of crude oil that allegedly was exported illegally to the US between 2011 and 2014, ABC News reported. Officials familiar with the cases say the government all...

Iran, Total to Resume Oil Swap with Caspian Sea

• Monday, 19th September 2016
• by Egypt Oil & Gas

Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France’s Total will sign oil swapping deal for around 200,000b/d. This agreement signals the revival of o...

Iran Signed 7 Deals with Foreign Oil Companies

• Wednesday, 31st August 2016
• by Egypt Oil & Gas

The National Iranian Oil Company (NIOC) has signed seven new initial agreements with firms including  Austria’s OMV, France’s Total, Germany’s Wintershall, Indonesia’s Pertamina, Russia’s...