Oil | Egypt Oil & Gas - Part 36
El Molla: No Truth to IOCs Decreasing Exploration
Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that the rumors about international oil companies (IOCs) halting exploration expenditures because of indebtedness and low oil prices is completely unt ...
Nigerian Economy Grows Despite Oil Prices, Corruption
Nigeria’s Minister of Finance, Kemi Adeosun, said that the country has recorded an increase in oil revenue in October, despite a continued fall in the price of crude oil, reported the Daily Post.
Libya’s NOC Garners More International Support
Libya’s National Oil Corp. (NOC) in Tripoli said it was to resume production from two oil fields, including the biggest Sharara, after more than a year.
Iran to Attract $30b in Oil Investments
Iran pitched up to 70 oil, gas, and petrochemical projects to foreign investors in an attempt to boost its energy production ahead of the early January deadline for lifting sanctions imposed over its nuclear program ...
3M Showcases Customer Experience with Products at Saudi Exhibition
3M Saudi Arabia, a science-based multinational company, announced its participation at the Saudi Arabia International Oil & Gas Exhibition (Saoge).
Mexico to Receive $6b from Oil Hedge Deals
Mexico will receive at least $6b from its oil hedge deals in 2015, Bloomberg reports. The country locks in its oil price each year through deals with banks to protect against price declines. For 2015, the government ...
Angola Sees Oil Output Rising Slightly in 2016
Angola will produce an average of 1.89m barrels per day of crude oil next year, according to budget projections.
EGPC in Negotiations with Kuwait to Increase Imports
The Egyptian General Petroleum Corporation is currently in negotiations with the Kuwait Petroleum Company to increase the number of barrels supplied by the KPC from 2.2m barrels monthly to 2.7m barrels.
