Oil | Egypt Oil & Gas - Part 94
GPC Invites E&P Companies to New Bid Round in South Sinai
The General Petroleum Company (GPC) invites companies in the of oil and gas exploration and production (E&P) field to submit offers for undertaking E&P services in GPC concession area in South Sinai; in order to max ...
Libya Increases Production to 300,000-500,000 B/D
The see-saw story of Libya oil production since the revolution has taken another turn with the report from Mabrook Buseif that it is now up, at between 300,000 and 500,000 b/d.
Progress Made on Morocco Drilling Activities
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and Colombia is pleased to provide the following update on drilling activities in Mo ...
Kuwait Sets $155 Billion Capital for Five Year Development Plan
The Kuwaiti government has set capital spending in the five-year development plan starting in April at KD 45.5 billion ($155 billion), a majority of which will be spent on projects and development of human resources, ...
Saudi and Venezuela Work Together to Recover Falling Oil Prices
Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco To ...
35% Savings on Petroleum Subsidies Due to Oil Prices Decline
Savings on petroleum product subsidies will reach an estimated 35% of the current value of EGP 100 billion for the FY 2014/2015 budget if current oil prices continue as is, Minister of Petroleum Sherif Ismail said.
Gas Supplies to Cement Factories Replaced with fuel Oil
A senior Egyptian Natural Gas Holding Company (EGAS) official said the Egyptian General Petroleum Corporation (EGPC) has been informed of measures to be taken for cement factories’ fuel oil needs in 2015.
Iran and China Sign Agreement for Refinery
Deputy Head of National Iranian Oil Refining and Distribution Company (NIORDC) Shahrokh Khosravani announced signing of an agreement between Iran and China in order to finance one of the largest refinery projects in ...
