Shell Fully Withdraws from Its Interest in Salym Petroleum Development in Russia

• Sunday, 5th March 2023
• by Israa Ibrahim

Shell Salym Development B.V, a subsidiary of Shell, has completely withdrawn on its 50% stake in the Salym project, which it jointly developed with Gazprom Neft, a subsidiary of Gazprom. The transaction follows all re...

OPEC, Russia Renegotiate Production Cut Agreement

• Thursday, 18th January 2018
• by Sarah Samir

Russia will withdraw from the production cut agreement with Organization of the Petroleum Exporting Countries (OPEC) if oil prices remain at $70 per barrel for six months, stated Vagit Alekperov, Russian Lukoil’s CEO,...

Nubian, Wadi Degla Withdrew from FiT Program

• Wednesday, 23rd November 2016
• by Sarah Samir

Wadi Degla has decided to totally withdraw from both phases of Egypt’s energy purchasing Feed-in-Tariff (FiT) program. Sources with the Egyptian Ministry of Electricity stated that Wadi Degla officially requeste...