Oil | Egypt Oil & Gas - Part 47
Morocco Oil Refiner Plans Capital Increase to End Crisis
Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company’s financial difficulties. As Morocco’s only refinery, its closure would make the country enti...
New Prime Minister Sherif Ismail Meets with President Sisi, Ordered to Appoint New Cabinet Within Week
President Abdel Fattah El-Sisi met with Sherif Ismail, the former petroleum minister, at his palace on Saturday, Egypt Oil & Gas has learned. Earlier in the day, Prime Minister Ibrahim Mahlab and his entire cabin...
Indonesia to rejoin OPEC
Indonesia said it’s preparing to rejoin OPEC, Reuters reported. The country left the cartel seven years ago after the country ceased to be a net exporter of oil and gas. The official membership requirements outlined b...
South Sudan Struggling with Oil Revenues and Cooperation
South Sudan’s parliament passed a budget for 2015/2016 on Tuesday, reported Reuters. “The house observed that some (ministries) are demanding additional funds. However, given with the wide budget deficit i...
ConocoPhillips Announces 10% Workforce Layoffs
Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported The Columbian. The Houston based company has struggled to maintain profitability in an era of persistently low oil prices. Conoco...
Kuwait Petroleum Corporation to Establish Office in Egypt
The Kuwait Petroleum Corporation (KPC) will establish an office in Egypt as part of an agreement, Tarek El Molla, CEO of the Egyptian General Petroleum Corporation (EGPC) told Egypt Daily News. With Egypt importing 1...
North Sudan Announces Oil Partnership with Chinese Firms
China recently announced the signing of new oil contracts with North Sudan to expand the areas of the country under exploration, reported the Sudan Tribune. The new regions to be explored include Red Sea, Sinnar, and ...
Saudi Solar Bids, Projects Run Up Against Bureaucratic Resistance,
Sources told Reuters that Saudi Arabia’s plan to issue bids for its first solar power projects, announced in 2013, has been postponed. “It hasn’t been approved yet, we are in a waiting mode,” s...
