India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.
Investors have until May 6 to file binding offers for the purchase of shares in Polish telecoms operator Polkomtel. One player that's eagerly waiting for that transaction to be wrapped up is Polish refining giant Orlen.