joint ventures | Egypt Oil & Gas

Equinor Cancels All Joint Ventures in Russia

Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.

Nigeria Seeks $16.4b through Asset Sales

Nigeria’s Federal Government plans to generate up to $16.4b through asset sales in the next four years to reduce the burden on the nation's budget.

Russia to Invest $20b in Venezuelan Oil

Russian energy giant Rosneft's CEO, Igor Sechin, met with the President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pinothe, and the leadership of the country to discuss four cooperation agreements worth $20b.

Aramco Targets Downstream Sector in Privatization Bid

Saudi Aramco's publicized plans to sell its shares on the open market are expected to target the downstream sector exclusively, according to initial announcements.

Iran Lays Limits on Domestic Ownership of Post-Sanction Ventures

Seyed Mehdi Hosseini, chairman of the Iranian Oil Ministry’s Oil Contract Restructuring Committee, told the Financial Times that domestic companies should be entitled to a minimum 20% share of any joint venture project

Oman Financing Gas and Oil Cooperation with Iran

Iran and Oman have signed an agreement to study an undersea gas pipeline said Alireza Kameli National Iranian Gas Exports Company (NIGEC)

Promotions and Transfers within the Industry

The Ministry of Petroleum and Mineral Resources conducted a series of transfers and promotions for a number of exploration and operations managers for joint petroleum ventures.

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