Oil | Egypt Oil & Gas - Part 92
Stateoil Embroiled in Iran Bribery Case
An Iranian lawmaker says Norway's largest oil producer Statoil ASA had bribed the son of former Iranian President Akbar Hashemi Rafsanjani to secure a contract on the development of a giant oil and gas field in Iran.
Oil Gas Security Summit Planned for May
The fourth Gulf and Middle East Oil and Gas Security Summit will take place on May 18 and 19, under the Chatham House Rule and with no media present.
Petrobras CEO Resigns
Maria das Gracas Foster, chief executive officer of Petroleo Brasileiro SA (Petrobras) since 2012, has resigned along with five other senior executives.
Iraq Displaces Iran as India Supplier
India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has replaced Iran with Iraq in its list of oil suppliers and has purchased its first cargo of Basra Light from Baghdad.
Cape Three Points Offshore Ghana Development Underway
MILAN, Italy -- Eni, Vitol, and Ghana National Petroleum Corp. (GNPC), along with the President of the Republic of Ghana John Dramani Mahama and the Minister of Petroleum Emmanuel Armah-Kofi Buah, have signed an agre ...
Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion
Egypt is considering whether to reduce fuel subsidies by EGP 20 billion ($2.64 billion) next fiscal year, but it needs to study the social implications before reaching a decision, the investment minister said on Thu ...
US Oil Workers go on Strike
US union leaders have launched a large-scale strike at nine refineries after failing to agree on a new national contract with major oil companies.
Drop in Oil Prices Causes Mexico to Cut Spending
Mexico will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices.
