The Legislations Department at Egypt's State's Council will submit a draft for the new gas distribution law along with a draft for the tenders and bidding law to the Egyptian Parliament early December.
The Egyptian Parliament's Energy and Environment Committee, in accordance with the committee for Constitutional and Legislative Affairs, approved 6 new exploration oil and gas agreements.
The World Bank is to provide the first $1b tranche of a $3b loan to Egypt after parliament approves the government's economic program, World Bank Vice President, Hafez Ghanem, announced at a news conference.
Iran’s Parliament has approved a proposal to increase the rate of gasoline in the budget bill for the next calendar year of 1394 (to begin 21 March 2015).
Iran's parliament drafted legislation calling for the government to halt oil exports to Europe until the European Union cancels its planned ban on the country's crude, Fars news agency reported, citing a lawmaker.