Total | Egypt Oil & Gas - Part 9

CNCP Buys Stakes in Abu Dhabi Concessions for $1.18B

China National Petroleum Corporation (CNCP) has bought two 10% stakes in Abu Dhabi’s Umm Shaif and Lower Zakum offshore fields from the Abu Dhabi National Oil Company (ADNOC), The National reported. The 40-year ...

Total Eyes Downstream Projects with ADNOC

Total is exploring the possibility of downstream ventures in the UAE and abroad with the Abu Dhabi National Oil Company (ADNOC), The National reported. “They [ADNOC] are willing to expand in the downstream, and we are...

Iran Nearly Doubles Gas Production at South Pars: Rouhani

In the past year, Iran has nearly doubled gas output at the South Pars gas field, Iranian President Hassan Rouhani told state media on March 19, according to Reuters. Rouhani stated that gas production increased from ...

ADNOC, Total Sign $1.45 B Agreement

Abu Dhabi National Oil Company (ADNOC), the state oil company of the UAE, has signed a deal worth $1.45 billion with the French Total SA, granting it two 40-year stakes in concessions offshore, according to the Nation...

Jordan Studies Fuel Distribution Offers

Jordan’s Ministry of Energy and Mineral Resources started reviewing the requests submitted for obtaining licenses to distribute fuel derivatives, following a tender that closed on February 28th, Minister of Energy and...

Total Acquires Stake in Libyan Waha Concession

French Total acquired a 16.33% stake in Libya’s Waha concession from Marathon Petroleum in an acquisition transaction worth $450 million as part of its strategy to expand in the Middle East and North Africa regi...

Total Eyes Iraq Oil Refinery

French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya, Reuters reported. Two inside sources revealed to the news agency the company’s plans to bid f...

Gazprom Mulls Developing Gas Fields in Iran

Russia’s Gazprom is considering the development of four Iranian gas fields and is planning to present relevant offers by late March, said Bijan Zangened, Iranian Minister of Petroleum, according to TASS News Agency. &...

Consortium Wins Exploration Rights Off Lebanon

Lebanon awarded offshore concessions to a consortium of Total, Eni, and Novatek to explore in its territorial waters, Bloomberg reports. The companies received preliminary licenses for blocks 4 and 9, according to the...

Total to Add 9 Gas Stations in 2018

Total Egypt plans to establish nine new gas stations in 2018. The stations will be located in Alexandria, Delta region, and Cairo as Total’s strategy for the coming period is to expand in Delta regions and Upper...

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