Oil | Egypt Oil & Gas - Part 58
Egypt’s Debt to Foreign Oil Companies Up by 6.1%
Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday.
Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets
Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2 billion in debt to buy crude and gas assets on the continent, which may include pur ...
Canadian Govt Report Warns Its Not Prepared for Arctic Oil Spill
An internal report warns the federal government isn’t fully prepared to respond in the event of an oil spill in the Arctic or in deep water offshore.
Iran’s Potential Return Would Be Bad News for Russian Oil
In Iran’s push for a nuclear deal, it’s had few better allies than Moscow. But if an agreement is reached this week, President Vladimir Putin’s regime will have at least one reason to reflect on its support.
Crude Oil Falls Below $60 a Barrel Amid Greek Crisis
Brent crude oil has fallen below $US60 a barrel due to concerns that the Greece crisis may stifle economic growth while also driving up the value of the US dollar.
Landmark Bill Looks to Ease Pressure on Brazil’s Petrobras
Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and privat ...
Iran on Verge of Unveiling New Oil Contract Model
Iran's oil minister Bijan Zanganeh will soon present a long-awaited template for new international oil contracts to the government
Multipurpose Fiberglass Pipes Expansion in Dubai
UAE-based Future Pipe Industries Group said one of its member companies Gulf Eternit Industries, has commissioned a 176,720-sq-m manufacturing unit in Dubai for the production of fibreglass pipes and fittings for the ...
