Oil | Egypt Oil & Gas - Part 90
Petroleum Prices to Increase before FY 2015/16
Egypt's government aims to increase the prices of petroleum products before fiscal year 2015/16, according to Al-Mal newspaper. The decision represents the second phase of the five-year plan for the gradual reduction ...
Congo Seeks Share of Uganda’s Crude Export Pipeline
The Democratic Republic of Congo wants to participate in the development of the proposed crude oil export pipeline on the Ugandan side of the Lake Albertine rift basin, Uganda’s energy and minerals minister said on W ...
ProSep Osorb Media Technology for Qatar and Oman
Houston-headquartered ProSep, the oil, gas and water treatment specialist, has launched an Industry Technology Facilitator (ITF) joint industry project (JIP) with Qatar Petroleum (QP) and Petroleum Development Oman ( ...
Turkish Firms to be Excluded from Half of Libya
Libya's internationally recognised government has said it will end all contracts with companies from Turkey, a country it has accused of supporting a rival administration.
Enoc Plans for $1.5 billion Loan and Merger Activity
Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.
Eni to Increase Investments in Egypt
President Abdel Fatah al-Sisi met Saturday with Chief Executive Officer of Italian oil producer Eni, Claudio Descalzi, who announced that his company intends to increase its investments in Egypt in the coming period.
Sameh Fahmy Acquitted from Corruption Charges
An Egyptian court has cleared former petroleum minister Sameh Fahmi of corruption charges linked to a highly controversial gas deal with Israel, a judicial source said on Saturday. Five other former ministry official ...
Marathon Oil Cuts Spending a Second Time
Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in ...
