Oil | Egypt Oil & Gas - Part 52
US Treasury Adds Russian Gazprom field to Sanctions List
The US Treasury Department added a field operated by Gazprom to its list of targeted economic sanctions,
Morocco Shuts Down Country’s Only Refinery
Morocco's only refinery is due to be shut down, announced Al Arabiya recently.
Angola Economy Reeling from Low Oil Prices
Angola, Africa’s largest crude producer after Nigeria, is facing extreme austerity measures as it deals with the fallout of low oil prices, reported Bloomberg.
Nigeria Unprecedented Cleanup Plans Awaiting More Guarantees
Nigeria announced that it would finally clean-up the oil-contaminated Ogoniland in the Niger delta, and at the cost of $1bn, according to the Guardian.
Eastern Libya Government Appoints New Oil Minister, Plans to Open Ports
The Libyan government in Tripoli recently announced the appointment of a new head for the National Oil Company (NOC), reported Bloomberg.
Nigeria Losing Billions of Dollars Due to Oil Corruption
Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes.
Bill Introduced to Open Up Additional Gulf of Mexico Area to Drilling
The US Senate voted on a bill to allow additional oil drilling off the Florida coast, lifting a former moratorium on drilling within 50 miles of the coast, reported ABC News.
Petroleum Ministry to List 3 Government Oil Companies on EGX in 2015
Egyptian Minister of Petroleum Sherif Ismail announced that Egypt will choose a local investment bank during the third quarter of the current year to list 3 companies on EGX before the end of 2015, reported Reuters.
