Aramco Awards Saipem $3.5 B Gas Contracts
Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.
Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.
Iran has denied a request by China National Petroleum Corporation (CNPC) to suspend work on Phase 11 of the South Pars gas project.
'Strong returns, significant cash flow and alternative strategy to high risk are expected from the Anchois gas discovery, Proactive investors reported.
Presidential decree number 537 for the year 2019 was issued on July 4 approving the governmental agreement between Egypt and Cyprus to establish direct natural gas subsea pipeline.
Production in the joint field has a massive role in ensuring natural gas supplies to Iran.
The deal extends Eni's management of the trans-Tunisian gas pipeline to transport Algerian natural gas to Italy through Tunisia for another 10 years.
Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.
Italy’s Enel has reached an agreement with Algeria’s Sonatrach to extend the natural gas supply contract.
The total production of oil and natural gas reached 6.8 million tons during April 2019, compared to 6.1 million tons during the same month in 2018.
Town Gas aims to deliver natural gas to approximately 35,000 commercial customers and bakeries by the end of December 2019