oil and gas | Egypt Oil & Gas - Part 18

Iran Announces Post-Sanction ENI Drilling Project

The National Iranian Drilling Company (NIDC) announced it had signed a memorandum of understanding (MoU) with the subsidiaries of the Italian Company ENI to launch drilling of 40 wells in the South Azadegan oilfield, ...

Mubadala Strikes Strategic Agreement with China National Petroleum

The UAE’s Mubadala Petroleum and China National Petroleum Corporation (CNPC) have signed an oil and gas exploration and production co-operation agreement, reported Arabian Business. Apart from upstream projects,...

Egypt, India in Talks over Industry Trade

Minister of Petroleum and Mineral Resources, Tarek El-Molla met with Ambassador of India, Sanjay Bhattacharyya to explore ways to strengthen bilateral relations between the two countries in oil, gas and petrochemicals...

Africa’s Oil, Gas Industry to See Rapid Growth in 2016

Oil and Gas Technology published a Procorre consultancy report predicting a 2016 rapid growth of Africa’s oil and natural gas industry, expending a surge in the production capacity of 8m b/d of crude oil, as rec...

Business-Friendly Details of Iran’s New Model Contract Revealed

Iran’s new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, Mehdi Hosseini, head of Iran’s oil and gas contracts restructuring committee to...

Iran’s Unveiling of New Contract Model Draws Executive Attention

The Iran Petroleum Contract (IPC) was given the go-ahead by the government for implementation, reported Press TV. “The newly-devised oil contracts are the result of a collective wisdom, approved by the government with...

GAC Group Gets New Mideast Head

Global shipping, logistics and marine services provider GAC Group has appointed Shanaka Fernando as the group’s new regional business development manager (Oil & Gas) for Middle East region, reported Trade Ar...

Bapco Wins Gold Award at Arab CSR Conference

Bahrain Petroleum Company (Bapco) has been awarded for its contributions in the field of corporate social responsibility (CSR) reported Gulf Digital News. According to Trade Arabia, Bapco was awarded a “gold tro...

Iran Utilizes US Go-Betweens to Attract Billions Into Upstream

“During 2016-25, our upstream sector needs $176 b and the downstream sector needs $77 b of investment,” said Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC), report...

African Heads of State Head to India for Continental Summit

The King of Morocco Mohammed VI arrived at Indira Gandhi international airport to participate in the 3rd India-Africa Forum Summit, reported the New Indian Express. He is the first major guest to arrive and was accomp...

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