International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five source...
The Malaysian investments in Egypt’s oil and gas sector reached nearly $9 billion, Malaysian Ambassador to Cairo, Mohamed Abd Rahman, said during the inauguration of the Malaysian-Egyptian Business Forum in Cairo. Abd...
Oil investments in Bahrain have recorded around $8 billion over the past few years, according to Bahrain’s Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa, Zawya reported citing Gulf Daily News. Al Khalifa ...
The Ministry of Petroleum and Mineral Resources invested EGP 1 trillion in the oil and gas production projects, including $32.6 billion for the operating projects, $12.7 billion for the projects under establishment an...
Speaking at the opening ceremony of the 8th Mediterranean Offshore Conference & Exhibition, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that Egypt is committed to continue the development of ...
Kuwait is committed to its petroleum investment plans despite the prospect of low oil prices persisting, reported Arabian Business. Kuwait Petroleum Corporation (KPC) CEO, Nizar al-Adsani, said that the company was an...
Nigeria announced that it would seek international oil and gas investments via direct cash calls in 2016 channeled through the Nigerian National Petroleum Corporation (NNPC) and its six multinational Joint Ventures (J...
Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion, said a report. The bulk of the investments will be for the construction of Kampac Energy City...