gas | Egypt Oil & Gas - Part 42
Aminex Shifts from PSAs to Royalty Payments in Egypt
Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.
Petroleum Portfolio Expanding at National Bank of Egypt
A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).
EGAS Denies Jordan LNG Claims
In a talk with Al-Masry Al-Youm EGAS Chairman Khaled Abdel Badie strenuously denied news reports that Egypt was going to import LNG through the Jordanian port of Aqaba, reported Egypt Independent.
Russia Sells China its Stake in Kazakh Oil
Lukoil—the second largest oil producer in Russia—sold its stake in Kazakh oil company Caspian Investments Resources to China Petroleum & Chemical Corporation,
Circle Oil Renews Contracts for Tunisian Field
Irish oil producer Circle Oil recently renewed its contract for a Tunisian concession, The Irish Times
Drones Expanding into Oil and Gas Industry
Drones are being used by more than just militaries and spy agencies, companies are seeing additional value as tools in the oil and gas industry, Bloomberg
Kazakh Currency Drops 22% from Oil Price
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday,
Crescent Group to Invest $300m in Egypt
The Crescent Group, locally represented through Dana Gas, plans to invest $300m in gas exploration and excavation projects in Egypt, reported Al Mal.
