IOC
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Neptune Appoints Girard as Director of New Energy
Tuesday, 6th October 2020
Neptune Energy appointed Pierre Girard for the newly-created role of Director of New Energy.
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Shell Looking to Cut Production Costs by up to 40%
Monday, 21st September 2020
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition.
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Iraq’s Production Cuts Below Third of OPEC’s Required Rate
Thursday, 14th May 2020
Iraq has announced that it will only cut production by 700,000 barrels per day (bbl/d), a third less than the required amount from the OPEC+ supply pact, after international oil companies (IOC) rejected further cuts.
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El Molla Announces Bid Round Results
Monday, 30th December 2019
Tarek El Molla, Minister of Petroleum and Mineral Resources, announced on Sunday, December 29th the results of the bid round launched in March of 2019 by the South Valley Egyptian Holding Company for Petroleum (Ganope).
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ENOC, Indian Oil Sign Aviation Fuel Supply Agreement
Thursday, 12th December 2019
The Emirates National Oil Company (ENOC) announced signing a new evergreen aviation fuel supply agreement with Indian Oil Corporation.
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El Molla: NOCs to Pay All Debts to IOCs by End of 2019
Thursday, 5th July 2018
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said.
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Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Tuesday, 23rd January 2018
Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
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Iran to Reveal 14 Oil, Gas Exploration Tenders
Wednesday, 12th July 2017
Iran is planning to unveil its first round of oil and gas exploration tenders since the easing of economic sanctions. -
Amer: CBE to Pay $750m to IOCs by June
Monday, 29th May 2017
Tarek Amer, said that the CBE will pay $750m of arrears to International Oil Companies( IOCs) by June 2017. -
El Molla in Talks with Foreign IOCs Delegations
Sunday, 19th February 2017
Tarek El Molla met with delegations from several international oil companies, including US-based Halliburton, French Total and the French Institute of Petroleum, to discuss expanding investment scope in Egypt.
Latest News
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Norpetco Inaugurates HSE Project with $1.3 MM
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 62.73 | +2.00% |
Crude Oil (Brent) Brent | USD/bbl | 65.70 | +1.99% |
NYMEX Natural Gas | USD/MMBtu | 2.79 | +0.65% |
OPEC Basket Price | USD/bbl | 65.42 | +2.22% |
Last Modified March 1, 2021