Oil | Egypt Oil & Gas - Part 29
Russian Rosneft Set to Lower Oil Output
Russian Rosneft is set to lower oil output, Natural Resources Minister, Sergei Donskoi said, ahead of a meeting of leading global oil producers in Doha on April 17th to discuss an output freeze to support weak oil pr ...
China’s Oil Giants Take Spending Cuts Deeper
PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.
Ecuador Calls on Colombia, Mexico to Freeze Oil Output
Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC p ...
Tanzania Confident to Win Oil Pipeline Project with Uganda
The government of Tanzania has sent a business delegation to Kampala, Uganda, to lobby the Ugandan President and other senior officials to conclude an unresolved contract that will allow for the construction of an oi ...
China’s Offshore Corp. Records 66% Profit Drop in 2015
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil and natural gas developer, announced that its 2015 net profit slumped 66.4% due to lower oil prices.
Kuwait Oil Company Discovers New Oil&Gas Field
Kuwait Oil Company, the government-owned holding company, said it has discovered a new oil and gas field in the al-Jathatheel region, in the western part of the country.
Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars
In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo ...
Egypt Signs Five-Year Oil Deal With Riyadh
Egypt signed an agreement with Saudi Arabia, under which the North African nation will meet its needs of oil products for five years, according to the Egyptian International Cooperation Ministry.
