Oil | Egypt Oil & Gas - Part 18
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.
West Africa Boosts Crude Supply to Asia
West African oil producers will send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Midd ...
Egypt Ponders Iraqi Crude Imports
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla disclosed that an oil delegation will visit Baghdad during February to reach an agreement on the final draft to import Iraqi crude oil.
