joint venture | Egypt Oil & Gas - Part 2
Ofinitiv Cancels JV with PetroChina
One of the largest independent producers of crude oil and condensate in North America, Ovintiv Canada ULC, has finalized an agreement with PetroChina Canada (PCC) to terminate the parties’ joint venture (JV) and...
Total, Indian Oil Form JV to Manufacture Bitumen
French energy company, Total, and India’s largest refiner and marketer of petroleum products, Indian Oil Corporation, has announced the formation of a 50:50 Joint Venture (JV) company that will manufacture and market ...
Zenith Energy Applies for Second Oil Production Asset in Congo
Zenith Energy has signed a joint venture agreement with a local Congolese oil company for the potential acquisition of an onshore oil production license in the Kouilou region, according to a press release. Under the t...
SABIC, ExxonMobil to Construct Petrochemical Plant in Texas
Saudi Basic Industries Corporation (SABIC) and ExxonMobil will jointly construct a petrochemical facility, including a 1.8 million metric ton ethane steam cracker in Texas, Zaywa reported. “Building the world’s larges...
Iraq, China Joint Venture Deal by November
Iraq’s state oil marketer SOMO is closing in on a deal with China’s state-run Zhenhua Oil for a joint venture to help boost Iraqi oil sales to China, the world’s top oil importer, Reuters reported. “Zhenhua help...
Iraq’s WTE Wajdi Group, SPX to Start JV
SPX Flow, a global supplier of flow components and process equipment, is willing to start a joint venture (JV) with WTE Wajdi Group to deliver service rotating and static equipment for industrial and power oil and gas...
Echo Energy Sells Stake to Partner Nostra Terra
Echo Energy stated that it has sold its 25% interest in Egyptian East Ghazalat license to its joint venture partner, Nostra Terra, for $500,000, with an initial $100,000 paid once a regulatory approval comes from the ...
EnerMech, Khudairi Group Launch JV in Iraq
EnerMech and Khudairi Group launched a joint venture (JV) in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups,...
