oil companies | Egypt Oil & Gas
Trump Administration to Hold Talks With US Oil Firms on Reviving Venezuelan Production
The Trump administration plans to meet later this week with US oil company executives to discuss boosting natural gas and oil production in Venezuela following the removal of President Nicolas Maduro, a source familia...
Iraq, Foreign Oil Companies Issue Contradictory Statements on Resumption of Kurdish Exports
Eight international oil companies operating in Iraq’s semi-autonomous Kurdistan region announced that they would not resume oil exports through Turkey’s Ceyhan port on Friday, despite Baghdad’s decla...
El Molla Directs NOCs to Increase Production Rates
The Minister of Petroleum and Mineral Resources, Tarek El Molla, directed national oil companies (NOCs) to search for and exploit all available opportunities to increase production rates, a press release reported. Thi...
Fitch Hints to Downgrade Major Oil Companies
Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, the Offshore Support Journal reported citing Fitch’s re...
Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home
Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this w...
ADF Loan to Cover $500m Owed to Foreign Companies, Petroleum Ministry
An official source at the Ministry of Petroleum told Daily News Egypt that the ministry plans to repay $500m of Egypt’s dues to foreign partners by the end of 2015. It will do this by making use of a $1.5bn loan obtai...
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016, reported Reuters, as the country prepares to sell some crude grades for as little as $30 a barrel. The International Energy Agency (IEA) calculates that Iraq is the world&...
Oil Companies Call for PSAs, Contract Incentives in Iraq
International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc, reported Bl...
