upstream | Egypt Oil & Gas - Part 4
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan told Reuters. Dragon Oil aims to boost its producti...
Aramco, Lomonosov MSU Sign Collaborative Agreement
Saudi Aramco Upstream Technology Company (SAUTC), subsidiary of Saudi Aramco, has signed an memorandum of understanding (MoU) with Russian Lomonosov Moscow State University (MSU) for joint research focusing primarily ...
Japan Ambassador Discusses Collaboration with Egypt Oil Sector
Petroleum minister Tarek El Molla discussed Toyota’s contribution to the Suez refining and petrochemical complex and the Assiut mazut refinery with the Japanese ambassador to Cairo, Takehiro Kagawa, Egypt Oil &a...
Iraq to Increase Nasiriya Output to 100,000 b/d
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote, Reuters reported. “Based on the recommendation of the energy committee, [the] cabinet voted t...
Russian Firms to Bid for Iranian Shadegan Oil Field
Two Russian firms are reportedly preparing bids and technical proposals to develop the Shadegan oil field in southern Iran, according to Trend News Agency. “Within the next two to three months, it will be certai...
Iran to Boost Crude Output by 460M barrels Over 3 years
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh, Reuters reported. Zanganeh outlined the plan to increase output from 29 oilfi...
Kuwait Extracts Light Crude From Jurassic Production Units
Kuwait Oil Company (KOC) has separated and extracted light crude oil from Jurassic production, Kuwait News Agency (KUNA) reported. Kuwait Petroleum Corporation (KPC) plans to export the first shipment of this grade of...
Kufpec, OGDC Sign Upstream Agreement
Kuwait Foreign Petroleum Exploration Company (Kufpec) and the Oil and Gas Development Company (OGDC) have signed a strategic cooperation initiative to evaluate potential exploration and production business opportuniti...
