Oil | Egypt Oil & Gas - Part 92
Apache to Keep Assets in Egypt
Apache Corp has tabled its plans to sell or spin-off its businesses in Egypt and the North Sea because those projects generate needed cash in a time of low crude oil prices, the CEO said on Thursday.
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
Oil Export Port Reopens After Strike Staged by Guards in Libya
The Hariga oil export port reopened after guards ended a strike over unpaid wages, Reuters reported Feb. 10.
12 New Projects to Be Announced in EEDC: Petroleum Ministry
The Ministry of Petroleum announced Monday it was prepared to announce 12 projects during the Egypt Economic Development Conference (EEDC) scheduled to be held in Sharm el-Shiek next March, Youm7 reported.
Petrobras Board Elects New CEO, Executive Officers
The Petrobras board of directors has elected Aldemir Bendine as CEO. He succeeds Maria das Graças Silva Foster, who will also be leaving the company’s board of directors.
Libya’s Hariga Oil Export Port Shuts Down by Strike
Libya's eastern oil export port Hariga shut down due to a strike of security guards, a port official said on Sunday.
Oil and Gas Deals Worth $9.2 Billion Underway in Egypt
Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for the energy ministry t ...
Kurdish Oil Exports Localized
Oil producers in Iraqi Kurdistan, including Gulf Keystone Petroleum and Genel, have started ramping up deliveries to the local market at the expense of foreign sales after months of unpaid export bills.
