BP, Mubadala Purchase 45% Stake in Eni’s Noor Concession

• Monday, 10th December 2018
• by Sarah Samir

Egypt has approved the sale of a 25% stake in Eni’s offshore exploratory Noor concession to BP, Eni announced in a press release. The agreement, signed by Minister of Petroleum Tarek El Molla, also approved the ...

Mubadala to Acquire 20% of Noor Concession

• Tuesday, 13th November 2018
• by Sarah Samir

UAE investment fund Mubadala has reached an agreement with Eni to buy a 20% stake in the Noor offshore concession, Reuters reported. Eni currently owns 85% of the concession’s stakes, while Tharwa Petroleum owns...

Tharwa Petroleum to Drill in North Sinai’s Noor Concession

• Thursday, 24th May 2018
• by Sarah Samir

Tharwa Petroleum Company is waiting for official approval for exploration and production (E&P) in the Noor concession in order to start drilling work, a source at the company told Amwal Al Ghad. Upon signing the a...