Oil | Egypt Oil & Gas - Part 17
Misr Petroleum Invested $3b in Suez Canal
Misr Petroleum Company invested $3b in the Suez Canal Area.
Iraq, Jordan Agree on Oil Pipeline Project
Iraq and Jordan agreed on the development of a $5.6b oil pipeline. The project's preparations and procedures are expected to be completed within the next two months.
Algeria Supports Extension of OPEC Deal
Algeria’s Energy Minister, Noureddine Boutarfa, announced the country’s support in extending global oil production cuts beyond June. Other countries have also added their support for a possible extension, including V ...
Algeria to Invest $50b in Oil & Gas
Algeria's hydrocarbon company Sonatrach will invest more than $50b from 2017 to 2021 in exploration projects and production, from which $9b will be directed to new deposits of oil and natural gas, and $40b to the dev ...
Sinopec Close to Buy Chevron’s Oil Assets in S Africa
China Petroleum and Chemical Corp. (Sinopec) is nearing a deal to buy Chevron's South African oil assets for up to $1b to secure its first major refinery on the continent.
Nigeria Receives 128 Bids for Oil-for-Fuel Swaps
Nigeria's state oil company received 128 bids from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017.
Egypt’s Cabinet to Cut Energy Subsidies by 10% in 2017-2018
Egypt's cabinet considers cutting energy subsidies by 10% in the next fiscal year (2017-2018).
Egypt, Iraq Sign Oil Exports Agreement
The Iraqi Oil Marketing Company (SOMO) has signed a contract for oil exports with the Egyptian government.
