investments | Egypt Oil & Gas - Part 42
Fears that Dana Gas Losses May Affect Egypt Investments
UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq. In the same period last year, the company recorded a profit of $37.7m, reported Bloomberg. The com...
Iran’s Siraf Refinery Targets Asia, Draws European Attention
“Asia is the center of gravity for oil and all the incremental demand will come from Asia. We are expecting to ship more than 50% of our products to Asia,” said CEO of Siraf Refineries Infrastructure Compa...
Iran Attracting Energy Investments, Reveals Gasoline Reserves
Iran has drawn up a package for an investment of $25b in the power sector, reported Trade Arabia. “Iran’s power industry is confronted with an average growth of 5 percent (in energy demands) each year whic...
Saudi Arabia Adamant Over Oil Prices, Despite Omani Complaints
Saudi Aramco’s Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016, reported Reuters. “The only thing to do now is...
Angola Exploring Oil Investments from India
Angola’s vice president Manuel Domingos Vicente has returned from a recent visit to New Delhi, where he took part in bilateral talks with the Indian Minister of Oil and Natural Gas, Dharmendra Pradhan, reported ...
Downstream Investments Struggle with Oil Price Drop
The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners, an industry expert told Trade Arabia. “Despite this, the delays we have obs...
Zarubezhneft Leading the Way to Post-Sanction Iran
Russian Energy Minister Alexander Novak announced that Russia and Iran will implement joint mid-term projects worth between $35 b and $40 b, reported California Daily News. “In my view from all of the agreements and d...
Despite Downturn, Saudi Arabia Still Bullish on Energy
The Saudi oil minister, Ali al-Naimi, was quoted by Reuters as saying on Friday that his country is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil p...
