investment | Egypt Oil & Gas - Part 12
Kuwait to Establish Private-Public Oil Industry Zone
Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal, Zawya informed. The World Bank supported KPC in preparing a study on the project, which has be...
Iran Drills New Wells in Three Months
The National Iranian Drilling Company (NIDC)’s Deputy Managing Director, Hamid Reza Khoshayand, said that NIDC drilled over 75 km of oil and gas wells using its drilling fleet during the first quarter of Iran’s ...
France to Invest $1.13b in Nigeria’s Oil and Gas industry
The French government says it has set aside about $1.13b to invest in Nigeria’s oil and gas industry, to strengthen its economic relations in Africa, Premium Times reported. According to a statement by the NNPC, Franc...
AfDB to Finance Three Projects within Egypt’s FiT Program
The African Development Bank (AfDB) is considering financing three projects within the Feed-in Tariff (FiT) program in Benban, Aswan for $60m. The bank has allocated $18m and $20m worth of finances for each project in...
Petrofac Inks Agreement with Kuwait Oil Company
Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services. The contract, which is valued at more than $35m, was s...
Sound Energy Establishes News Exploration Program
The British oil and gas company Sound Energy kicked off a new program at Sidi Moktar project in Morocco, where it is re-entering the Koba-1 well. The operation is expected to last about ten days and will include the p...
Emerson Signs a MoU with Saudi Aramco
Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-US CEO Forum in Riyadh. The agreement signed by Emerson’s CEO, David N. Farr, and Saudi Aramco President and CEO, Ami...
Saudi Arabia to Participate in Russia’s Arctic LNG project
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, said in an interview with TASS that the kingdom will explore the possibility of participating in Russia’s Arctic LNG p...
