Oil | Egypt Oil & Gas - Part 37
Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects
Oman’s Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex, reported Reuters. Commitments to provide loan financing worth $3.7b are also ...
Egypt to Reduce Oil Product Subsidies to 30% by 2020
Egypt plans to reduce oil product subsidies to 30% over the next five years, Ahram Online reports. The announcement reverses an earlier plan, according to which, the government had previously hoped to fully eliminate ...
Nigeria Approves $2b Fuel Subsidy, NNPC Advocating Deregulation
Nigeria announced it had approved a $2b (N407.07b) fuel subsidy package, including payments to oil marketers for accrued arrears from the two fiscal years, 2014 and 2015, SaharaReporters wrote. The approval came after...
Abu Bakr: EBRD to Finance GANOPE’s Projects
EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas. Hea...
IOG, Transocean Sign North Sea Oil Drilling Contract
Independent Oil and Gas (IOG), the North Sea focused oil and gas company, has signed a rig contract with Transocean Drilling procuring the Transocean John Shaw semi-submersible rig to drill an appraisal well on the Sk...
Nigeria to Launch Oil&Gas Exploration in Lake Chad Area
The New Nigeria Development Company (NNPC) owned by 19 northern state governments has disclosed plans to commence exploration of oil and gas in the Lake Chad area, in the North-East, the LeadershipNg website reported....
Algeria’s Bir Seba Field Marks its First Oil Flow
Vietnamese oil and gas explorer, PetroVietnam Exploration Production Corporation (PVEP) celebrated the first commercial oil flow from the Algerian Bir Seba field, Vietman Net reported. The Bir Seba fields in Sahara De...
Nigeria’s New Oil Bill Revises Tax Regime for Investors
Nigeria’s government is breaking up a protracted all-encompassing 2012 Petroleum Industry Bill (PIB) to overhaul the state sector, by closing loopholes that breed corruption, Reuters informed. The state oil gian...
