Spain | Egypt Oil & Gas - Part 2
Mubadala Shelves Cespa IPO Plans
Abu Dhabi’s state-owned Mubadala Investment Company has halted plans to list 25% of Spanish oil company Cepsa after investors were not convinced by its valuation, Bloomberg reported. “Recent international econom...
Mubadala to List 25% Cepsa Stake
Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO), Reuters reported. Sources close to the matter estimated Cespa’...
Algeria to Build New Pipeline by 2020: Sonatrach
Algerian state-owned Sonatrach will invest $280 million to build a gas pipeline that will link to two existing pipelines between Spain and North Africa, Sonatrach Vice President Ahmed Mazighi told Reuters. The 197 km ...
Algeria Pens Gas Supply Deals with Spain, Italy
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni, Reuters reported. Algeria will supply 9 billion cubic meters of gas per year to Spain for nine years. Italy’s Eni will receiv...
Gas Natural Fenosa Extends Sonatrach Gas Deal to 2030
Spain’s Gas Natural Fenosa has signed an agreement with Algeria’s Sonatrach that will extend their gas purchase contracts until 2030, Pipeline Oil and Gas Magazine reported. The Sonatrach agreement accounts for more t...
Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol, Reuters reported. The Spanish company agreed to buy 500,000 barrels of the heavy grade crude on a spot basis, and will co-load the cargo within the nex...
Spain to Invest in Egypt’s Solar Energy Sector
Spain is planning to bring in investments into Egypt to produce solar cells in the coming period, Egyptian Minister of Trade, Tarek Qabil announced according to Amwal Alghad. Qabil made his remarks at the Egypt-Spain ...
Algeria Resumed LNG Exports from Skikda
Algeria’s Skikda liquified natural gas (LNG) export plant has come back on stream following a two-month shutdown for maintenance, LNG World News reported. Maintenance work at the 4.7mt/y facility has been completed an...
