investments | Egypt Oil & Gas - Part 38
Kuwait’s Oil Cuts to Reach 148,000b/d
Kuwaiti Oil Minister, Essam al-Marzouq , said that the country’s output cuts could reach between 146,000 and 148,000b/d, which is more than the reduction to which the member of the Organization for Petroleum Exporting...
Foreign Group Gave $3b to Embattled Samir Refinery
The court-appointed manager of Morocco’s only oil refiner, Samir, has received a $3b offer for the business from a foreign conglomerate, Reuters reported. Mohamed El Krimi, who is in charge of the company’s liqu...
India Urged Iran to Finalize Farzad-B Gas field Award
India has nudged Iran to quickly award rights to develop the coveted Farzad-B gas field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months, Energy World Reported. Indi...
Egypt Accepted 6 IOCs’ Oil, Gas Bids for $200m
The Egyptian General Petroleum Corporation (EGPC) has announced results of the bid rounds for the exploration and production of oil and natural gas for 2016 in the Gulf of Suez and Western Dessert, Egypt Oil&Gas r...
Egypt Seeks $30b in Oil, Gas Investments
The Egyptian oil and gas industry seeks $30b in foreign investments within the next three years based on the government’s strategy to aim for mutual commitment in cooperation with the international oil companies...
China Considers Gas Investments in Mozambique
The China National Petroleum Corporation (CNPC) has announced that it is considering investing in construction facilities for natural gas exploration and processing in Mozambique, Ecofin Agency reported. The investmen...
Sub-Saharan Africa Loses $100b in Oil, Gas Capital
Capital investment in the oil and gas industry in sub-Saharan Africa has witnessed a cut by $100b over the next five years, according to Wood Mackenzie’s latest report on upstream activity, East African Business Week ...
Sasol Drilled New Gas Well
Sasol Exploration and Production International’s Senior Vice-President, John Sichinga, said that the company has begun drilling a third well in its production-sharing agreement area in Mozambique, Business Day reporte...
