investment | Egypt Oil & Gas - Part 10
Norway Resumes Investment in Brazil’s Petrobras
Norway has reverted the country’s decision to prevent Norway’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras, according to Reuters. Norway had prevented investment in the Brazilian oil co...
Algeria’s Proven Oil Reserves at 10 Billion Barrels
Algeria’s Energy Minister, Mohamed Arkab, has announced that Algeria’s proven oil reserves currently stand at 10 billion barrels, according to Reuters. Further to this, Mr. Arkab also announced that Algeria had an est...
Algeria’s Sonatrach signs MoU with ExxonMobil
Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for talks on exploration opportunities in Algeria, following a press release. Accord...
ADNOC to Continue Investing Responsibly
The Abu Dhabi National Oil Company (ADNOC) will continue to invest responsibly in order to deliver on its 2030 smart growth strategy, according to a press release. The company also stressed its commitment to deliver ...
Plans for $5 B Petrochemicals Complex in Alexandria
The government is considering a project to establish a petrochemicals complex in Alexandria, with around $5 billion in investments, beside a current $1.5-billion factory, bringing total investments to $6.5 billion, ac...
Oman to Open Habhab Oilfield to IOCs
Oman’s Ministry of Oil and Gas will allow international oil companies (IOCs) to invest and develop the ultra-heavy oilfield at Habhab using their technological and financial abilities, Oman Observer reported. Ha...
ADNOC Sheds Light on 2030 Growth Strategy at Investor Forum
The Abu Dhabi National Oil Company (ADNOC) has arranged the first investor forum in Abu Dhabi, hosting 200 attendees to provide a clearer vision for its 2030 growth strategy, the Emirates News Agency reported. During ...
El Molla Discusses Economic Cooperation with Spanish Ambassador
Egyptian petroleum minister, Tarek El Molla, met the Spanish ambassador to Egypt, Arturo Avello, at the end of his working period in Cairo, Egypt Oil & Gas reports. During their talk, El Molla praised the mutual c...
