Nigeria Approves New Offshore Oil and Gas Incentives to Attract $50 Bn

• Wednesday, 12th August 2026
• by Fatma Ahmed

Nigeria has introduced a new regulatory and fiscal framework for offshore oil and gas developments as part of government efforts to attract up to $50 billion in investment and accelerate projects that have been delaye...

Qarun Petroleum to Invest $190m

• Thursday, 12th January 2017
• by Sarah Samir

Qarun Petroleum Company plans to allocate $190m investments in its budget of fiscal year 2017/2018 to be used in drilling 14 development and exploratory wells in its concessions in order to increase production and com...

Tanzania Slated as Regional Leader in Oil and Gas Exploration

• Sunday, 4th September 2016
• by Egypt Oil & Gas

The Tanzanian government is set to become East Africa’s leading country in the exploration of oil and natural gas within the next decade, reported ESI Africa. Tanzania’s Minister of Energy and Minerals, Sospeter Muhon...

Iran Diverting Billions to Oil and Gas Development

• Wednesday, 25th February 2015
• by Egypt Oil & Gas

Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Develo...