investment | Egypt Oil & Gas - Part 19
Gazprom Approves $11.71b Investment Program in 2016
Russia's major gas exporter, Gazprom has approved its investment program worth $11.71b ( RUB 842b) in total in 2016, the company's board announced its decision in a statement.
Algeria and Germany to Develop Energy Partnership
Algiers and Berlin are to start mutual energy cooperation by boosting German energy investments in the northern African country.
World Bank Loan Diverted in Part to Pay Foreign Dues
Tarek El-Molla, Minister of Petroleum and Mineral Resources, confirmed that his Ministry planned to attract $8.5b worth of new foreign investments into the Egyptian petroleum sector during the current fiscal year, re ...
CPTDC to Invest $10m in Egypt’s Petroleum Industry
China Petroleum and Technology Development Corporation (CPTDC) will invest approximately $10m in Egypt, Li Qitang, Egypt’s Chief Office Representative.
Mexico to Receive $6b from Oil Hedge Deals
Mexico will receive at least $6b from its oil hedge deals in 2015, Bloomberg reports. The country locks in its oil price each year through deals with banks to protect against price declines. For 2015, the government ...
Australia Invites Saudi Investment in Green Energy
The Australian government has announced its invitation for Saudi Arabia and other oil-rich states to invest in Australian green energy initiatives. The Financial Times quotes Greg Hunt, Australia’s Minister of Enviro ...
Eni to Decide this Year on Mozambique LNG Project Investment
ENI is expected to make a final investment decision by December for the project to explore the natural gas reserves discovered in northern Mozambique.
Nigeria’s NNPC to Invest $20b in its Operations Next Year
Nigerian National Petroleum Corporation announced planned investments of around $20b in its operations next year, with the aim of ensuring that Nigeria’s crude oil production capacity hits 3m bpd by the end of 2016.
