Oil | Egypt Oil & Gas - Part 48
Petroleum Portfolio Expanding at National Bank of Egypt
A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).
Russia Sells China its Stake in Kazakh Oil
Lukoil—the second largest oil producer in Russia—sold its stake in Kazakh oil company Caspian Investments Resources to China Petroleum & Chemical Corporation,
Circle Oil Renews Contracts for Tunisian Field
Irish oil producer Circle Oil recently renewed its contract for a Tunisian concession, The Irish Times
Drones Expanding into Oil and Gas Industry
Drones are being used by more than just militaries and spy agencies, companies are seeing additional value as tools in the oil and gas industry, Bloomberg
Kazakh Currency Drops 22% from Oil Price
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday,
Libyan Production Levels Out After Attacks and Protests
Libya's state oil firm, the Arabian Gulf Oil Co (AGOCO), announced that it is now producing at a stable rate of 220,000 b/d
EGPC to Announce New Bid Round
Sources at the Egyptian General Petroleum Company (EGPC) informed Egypt Oil & Gas (EOG) that the company is preparing to issue a new bid round before the end of the year.
Israel Agrees to Mediterranean Field Deals
Israel’s cabinet has reached agreements with Noble Energy and Delek Holdings to increase gas production in the East Mediterranean fields of Tamar and Leviathan,
Algeria Calls for Non-OPEC Members to Cut Production Rates
The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices,Page 48 of 100
