Oil | Egypt Oil & Gas - Part 44
UAE Signs Energy Trade Agreement With Belize
The UAE has just signed a bilateral trade agreement with Belize, reported Trade Arabia, to open opportunities for energy investments in the Central American state and expand the country’s regional energy profile...
Ministry of Petroleum Offers Incentives to Investors
In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors. Of these measures, one of the most imp...
Islamic State Attacks Forces Guarding Oil Port in Libya
Militants from the so called Islamic State attacked forces guarding one of Libya’s main oil ports last Thursday with a gun assault and an attempted car bomb, in an escalation of their campaign in the North African sta...
US Oil Rig Count Drops to 5-Year Low
Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg reported. Rigs targeting natural gas also fell in the country, dropping to 809, the fewest since 2002. Rig cou...
Former Nigerian Oil Minister Aprehended in UK
Relatives of the former Nigerian oil minister, Diezani Alison-Madueke, have confirmed that she had been apprehended in London, reported Gulf News. She was detained, among five people, by the National Crime Agency (NCA...
President Sisi to Cooperate on Energy With Cyprus
President Abdel Fattah El-Sisi met with his Cypriot counterpart, Nicos Anastasiades, while in New York, said Natural Gas Europe. The two leaders discussed regional cooperation on the sidelines of the UN General Assemb...
Nigeria’s President Says He Will Not Appoint an Oil Minister
The President of Nigeria, Muhammadu Buhari, will not appoint a new minister of Petroleum, stated Reuters. Buhari, whose political campaign was largely against corruption in the government and oil industry, said that h...
Oil and Renewables at Top of UAE-Japan Agenda
The United Arab Emirates is open to meeting any demand for oil from Japan, announced the UAE Minister of Economy Sultan bin Saeed al-Mansouri, reported Zawya. UAE ranks as the second-biggest crude oil exporter to Japa...
