Oil | Egypt Oil & Gas - Part 51
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, reported Quartz. The new deal, which still must be appro...
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, reported Bloomberg. Algeria is the largest member of OPEC by territory, and its government has faced signif...
South Sudan Peace on Hold, Conflict Over Oil Still Unresolved
South Sudan’s President Salva Kiir did not sign a peace deal with his country’s rebel factions in Ethiopia’s capital Addis Ababa, requesting a further 15 days before signing it in full, reported BBC ...
Russia Expands Claims of Oil Resources in Arctic
Russian President Vladimir Putin recently stated that his country is laying claim to an additional 1.2m square km of territory in the Arctic, The BBC reported. Russia has been particularly active in the Arctic region ...
Uganda Moves to Start Oil Exploration in Virunga Region
The East African nation of Uganda opening up 6 blocks of land for oil exploration in the Virunga region, The Times reported. Ugandan authorities recently announced the 16 companies approved to bid for the concessions,...
Chinese Demands Jeopardize Joint Oil Projects with Iran, says Iran
Trouble seems to be brewing between China and Iran according to statements made by Iran’s Deputy Petroleum Minister Abbas She’ri-Moqaddam, quoted by Press TV. He said that China insists that too much financing b...
Indian PM in UAE to Enhance Energy Cooperation
Indian Prime Minister Narendra Modi arrived in the UAE yesterday, reported Gulf News, in an historic attempt to deepen relations with the Gulf Arab countries and draw more Gulf investments into his country. The last t...
Venezuela Lays Claim to Guyana Oil Field
Venezuela is laying claim to massive oil and gas reserves recently discovered by Exxon Mobil off the coast of Guyana, reported the Chicago Tribune. The two South American countries have long been tied together as part...
