investment | Egypt Oil & Gas - Part 9
South Sudan Launches First Oil Licensing Round
The Ministry of Petroleum (MoP) of South Sudan announced the launch of its first oil licensing round, according to a statement. Sudan’s MoP said that it had found potential hydrocarbons in new blocks, so it coll...
Equinor, ExxonMobil to Invest $8 B in Brazil’s Bacalhau Oil Discovery
Equinor, ExxonMobil, and Petrogal Brasil have agreed to invest $8 billion in the development of Brazil’s Bacalhau oil discovery, according to Reuters. First oil from the field, which will be operated by Equinor,...
ADNOC Spends $318 MM to Connect Smart Wells at Bu Hasa
The Abu Dhabi National Oil Company (ADNOC) has invested up to $318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa, which allows the company’s largest onshore asset to m...
ECHEM, ETHYDCO to Establish New Polyethylene Unit
Minister of Petroleum and Mineral Resources, Tareq El Molla, stated that the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene and Derivatives Company (ETHYDCO) plan to establish a new unit for...
Vietnam’s VinaCapital, GS Energy to Invest $3 b in LNG Plant
Vietnamese VinaCapital company announced that it plans to invest $3 billion in establishing liquefied natural gas (LNG) power complex with its partners GS Energy, Reuters reported. The company added that the first pha...
El Molla Launches Third Batch of Mining Sector Program
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the launch of the third batch of the Human Capacity Development in the Mining Sector program, which is implemented by the Egyptian Mineral Res...
Libya’s NOC Discusses Boosting Cooperation with Italy
The Chairman of the Board of Directors of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, met with the Italian Ambassador to Libya, Giseppe Puccino, and his delegation to discuss ways to boost cooperation ...
Iraq to Invest 200 mscm/d of Gas from Dhi Qar Fields
The Undersecretary for Extraction Affairs of the Iraqi Oil Ministry, Karim Hattab, announced that the ministry plans to invest the gas associated with oil operations in Dhi Qar governorate through contracting an inter...
