Vitol | Egypt Oil & Gas
Eni Taps Dual Exploration Model with 30% Baleine Stake Sale to Vitol
Eni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided bet...
Eni, OCTP Partners Join Forces with Ghana to Power Energy Growth, Sustainability
Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas producti...
Vitol to Acquire a Portion of Eni’s Assets in Cote d’Ivoire, Congo
Under a new agreement, Vitol will acquire interests in a number of assets owned by Eni in Côte d’Ivoire and Congo for an aggregate consideration of $1.65 billion at 1 January 2024, with standard cash adjustment at clo...
Qatar Petroleum to Supply 1.25 mmt of LNG for Bangladesh
Qatar Petroleum held a long term sale and purchase agreement (SPA) with Vitol to supply its final customer in Bangladesh with 1.25 million tons per year (mmt/y) of liquefied natural gas (LNG). Saad Sherida Al-Kaabi, t...
Vitol to Refine Algerian Oil
Algeria’s state-owned Sonatrach signed a deal with Vitol Group to send Algerian crude oil to be refined in Italy. The refined petroleum products will then be sent back to Algeria in order to decrease the country’...
Egypt to Award LNG Tender to 4 European Firms
The Egyptian Natural Gas Holding (EGAS) will purchase 12 cargoes of liquefied natural gas (LNG) from multiple European firms, sources told Reuters. The Europeans companies are Gas Natural Fenosa, Trafigura, Vitol, and...
Vitol, Gunvor to Acquire Petromac in Mozambique
Global oil traders Vitol and Gunvor are interested in purchasing Mozambique’s struggling national fuel distributor company Petromac, Reuters reported. An Executive at Switzerland-based Gunvor and a Senior Invest...
Equatorial Guinea Shortlists Petroleum Firms for Off-take Agreement
Equatorial Guinea’s Oil Minister announced that Royal Dutch Shell and oil traders Gunvor and Vitol were shortlisted for an off-take agreement at the Fortuna floating liquefied natural gas (FLNG) export terminal, whose...
