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 Petroleu ...

SFE Widens Scope for Wataniya Buyers

The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers for 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman, stated.

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.

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 a privatization program.

Nigeria to Increase Petrol Price, Considering Privatisation

Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its f ...

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 forme ...

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, Emmanue ...

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, according to initial announcements.

Saudi Aramco Confirms IPO Plans In Privatization Bid

Saudi Aramco has confirmed that it was studying plans to issue Initial Public Offerings (IPOs) in a partial privatization bid of the world’s largest oil company.

Saudi Arabia Confirms Airports Privatization in Cash Crunch

Saudi Arabia’s civil aviation authority announced that it would privatize Jeddah and Dammam airports in Q2 and Q3 of 2017, respectively, in line with previously publicized plans to bolster state finances strained und ...

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