investment | Egypt Oil & Gas - Part 17
Libya Considers Foreign Investments
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country’s oil sector, Al Bawaba reported citing the Libyan National Oil Corporation’s Chairman, Mustafa Sanalla...
APEX Awarded First Blocks in Egypt
Apex International Energy has been awarded its first blocks in Egypt for a minimum investment in two concessions of $27.4m in first exploration phase, the company informed Egypt Oil&Gas in a press release. Apex In...
China to Invest in Iran’s Petchem Catalysts Project
A Chinese company has expressed readiness to invest in Iran’s petrochemical catalysts project with a total investment of $400m, Deputy Head of Iran-China Joint Chamber, Majid-Reza Hariri, declared, informed Azer News....
Total to invest $100m in Egypt
Total’s Senior Vice President for Africa, Stanislas Mittleman, stated that the company will invest $100m in Egypt within the upcoming five years. The company will also invest additional amounts on filling statio...
Uganda to Look for New Investors in $4b Oil Refinery
The Ugandan government has launched a search for new investors for the construction of a $4b oil refinery in Hoima, after Russia’s RT Resources pulled out of the project, All Africa reported. The Ministry of Energy a...
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with British BP, Dutch Shell, and Russian Lukoil to restart stalled investment in oil fields the firms are developing, worth an estimated $3.6b, Reuters reported. Of the total amount, BP...
Russia to Invest $20b in Venezuelan Oil
Russian energy giant Rosneft’s CEO, Igor Sechin, met with the President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pinothe, and the leadership of the country to discuss four cooperation agreements wort...
China to Sell $9.45b Stakes in Gas Pipeline
China Petroleum & Chemical Corporation (Sinopec), the second-largest oil and gas group in the country, plans to sell 50% of its premium Sichuan-East China natural gas pipeline business to investors, Reuters report...
