Oil | Egypt Oil & Gas - Part 18
MENA to Invest $294b in Oil Sector
According to Meed Insight’s Mena Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the countries in the Middle East and North Africa (MENA) region.
Ismail: Energy is the Gate to Development
The Egyptian Prime Minister, Sherif Ismail, said that energy is one of the most important ways to reach Egypt's aspirations and goals towards development.
IOCs to Step up Investments in Egypt
Major international oil companies (IOCs) said they plan to step up their investments in Egypt. Egypt’s Oil ,Gas and Mining Investments Increase by 3.9%
Egypt’s investments in oil, gas, and mining sectors rose 3.9 % to $15 b during the first quarter of financial year 2016/2017.
Nigeria Seeks $16.4b through Asset Sales
Nigeria’s Federal Government plans to generate up to $16.4b through asset sales in the next four years to reduce the burden on the nation's budget.
AMOC to Offer Shares on Stock Market
AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London.
Total to Approve New Global Investments
Total intends to make final investment decision on 10 oil and gas production projects in the next 18 months in various countries including Nigeria, Angola.
Eland to Restart Production from Nigeria’s Opuama Field
Eland Oil & Gas finalized its export option for the Opuama field in Nigeria; the crude will be exported by ships.
