privatization | Egypt Oil & Gas
ENOC, Petromin Compete For Wataniya Petroleum Stakes
Dubai’s state energy firm, Emirates National Oil Company (ENOC), and Saudi Arabia’s Petromin Corporation have entered the bidding race for a majority stake in the army-owned gas station operator, Wataniya Petroleum, a... SFE Widens Scope for Wataniya Buyers
The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers of 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman told Reuters. The SFE is helping in selling the military’s National S...
HSBC to Manage AMOC’s Share Sales
Alexandria Mineral Oils Company (AMOC) has chosen British bank HSBC to manage its share sales on the Egyptian Exchange later this year, a source close to the transaction told Enterprise. AMOC is expected to offer 30% ...
Kuwait Mulls Privatization of Oil Sector
The Kuwaiti Ministry of Finance and state-run Kuwait Petroleum Corporation are seeking to privatize the oil services sector as a part of the state’s privatization program, reported Kuwait Times. Undersecretary, ...
Nigeria to Increase Petrol Price, Considering Privatisation
The Nigerian Federal Government disclosed that it would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, to encourage local refining and discourage importation of petroleum products in the ...
Tehran Protests Oppose Iranian Petroleum Contracts
Iran’s Oil Ministry has recently witnessed demonstrations criticizing the terms of the new Iranian Petroleum Contracts (IPCs) organized by student protesters, who are aligned with the Basij, a hard-line militia ...
Nigerian State Oil Company to Hold IPO by 2018
Nigeria is planning an initial public offering for assets owned by its national oil company, the Nigerian National Petroleum Corporation (NNPC), by 2018, according to Nigerian Minister of Petroleum Resources, Emmanuel...
Aramco Targets Downstream Sector in Privatization Bid
Saudi Aramco’s publicized plans to sell its shares on the open market are expected to target the downstream sector exclusively, well-informed sources told Reuters. According to the initial announcements, no stak...
