Mediterranean | Egypt Oil & Gas - Part 2

Ministry of Petroleum to Launch Bid Rounds in West Mediterranean

The Ministry of Petroleum and Mineral Resources is planning to launch a new bid round in Q3 2019 for natural gas exploration in the West Mediterranean region.

Edison Dissipates Rumors and Confirms Commitment to Egyptian Projects in 2019

Edison announced its commitment to Egypt and its East Mediterranean concessions as it will pursue and fulfill its exploration campaign in 2019.

Noor Gas Field Update: Oil Ministry Spokesperson Confirms August Exploration Drilling

Eni will start exploration drilling at Noor field off North Sinai shore within two months.

Mubadala Petroleum Buys 10% Shorouk Stake for $1B

Eni has sold a 10% stake in Egypt's Shorouk offshore concession to Mubadala Petroleum for more than $1 billion.

Egypt, Cyprus Explore Opportunities for Cooperation

Egyptian and Cypriot officials met to discuss hydrocarbon cooperation

IOCs to Step up Investments in Egypt

Major international oil companies (IOCs) said they plan to step up their investments in Egypt.

Egypt and Russia to Sign Nuclear Agreement

Russia and Egypt will sign main contracts for construction of Dabaa Nuclear Power Plant (NPP) in 2017.

Egypt Paid $650m to Eni

Egypt paid $630m in financial obligation to Italian oil and gas company Eni in January to develop the giant Zohr field off the Mediterranean coast.

Israel to Supply Jordan with $10b of Gas

Israel signed a $10n deal with Jordan's National Electric Power Company in order to supply with 1.6tcf of gas from Leviathan natural gas field for 15 years.

Iran to Boost Cleaner Diesel Exports

Iran aims to increase export volumes of cleaner diesel containing 500 parts-per-million (ppm) of sulfur, by early 2017

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