gas | Egypt Oil & Gas - Part 24

Iraq’s Basrah Gas Company Doubles Gas Production

Iraq’s Basrah Gas Company (BGC) doubled the amount of gas that was processed from three flaring oilfields in Iraq since it started operating in 2013, in attempt to further increase its production rates.

Gazprom to Build New Gas Route to Europe via Black Sea

Gazprom, Edison, and DEPA have signed a memorandum of understanding on a new pipeline taking Russian gas to Greece and Italy via the Black Sea.

EGA Holds Roundtable Headed by Minister of Petroleum

On the 23rd of February, the Egyptian Gas Association (EGA) held it's first executive roundtable, titled "The Future of Natural Gas Industry in Egypt." The purpose of the roundtable was to bring together industry le ...

Iran-Oman Undersea Gas Pipeline Study on Track

Studies on an undersea pipeline to transfer 20mcm/day of Iranian gas to Oman for a period of 25 years will be completed in six months.

Italy to Hold Referendum on Offshore Drilling

Italy has set 17th April as the date for a referendum on the duration of offshore drilling for oil and gas in Italy. The Constitutional Court gave the green light to the decision welcomed by regional councils and env ...

Ministry of Petroleum Announces the Launch of PetroShorouk

Minister of petroleum and Mineral Resources, Tarek El Molla approved the formation of the joint venture company, PetroShorouk Petroleum, for the development of the Zohr field. The joint venture is between the Egyptia ...

Russia, Venezuela Develop Three New Offshore Gas Fields

Russia's top oil producer Rosneft and Venezuela's state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas. Rosneft also plans to invest $500m to raise its stake in its Petromonaga ...

Oman’s National Gas Company Fires CEO over Bribery

Oman’s National Gas Company has terminated a contract with its CEO, Goutam Sen, following upon the 2014 disclosure that he had been detained over suspected bribes paid to a government official.

US to Offer 45m Acres in Exploration Bids in Gulf of Mexico

The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.

Cyprus to Hold 3rd Gas Exploration Licenses Round

The government of Cyprus announced that it would push ahead with a third licensing round to search for potential natural gas deposits in its Exclusive Economic Zone (EEZ).

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