Tag: Egypt
Egyptian oil and gas deals valued at $220 million signed
Egyptian oil output has failed to keep pace with rising demand CAIRO, Dec 28 (Reuters) – Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, the […]
Egyptian oil imports from Saudi Arabia halted indefinitely, Egyptian officials say
Egyptian oil imports part of Saudi aid deal CAIRO/ABU DHABI, Nov 7 (Reuters) – Egyptian oil imports from Saudi Arabia, part of a $23 billion aid deal from the kingdom. have been halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. Saudi Arabia has been a major donor to Egypt […]
Record Egypt LNG tender for 96 cargoes launched
Egypt LNG tender expected bring many bidders despite country’s worsening credit By Oleg Vukmanovic MILAN, Oct 24 (Reuters) – Egypt launched the world’s biggest tender for liquefied natural gas (LNG) as officials from top energy companies and trading houses converged on Cairo undeterred by new rules that could force them to wait for as long as […]
Eni talks to big oil about stake sale in giant Egypt gas field – sources
Eni pitching 20 per cent stake sale to Lukoil, Exxon, Total, BP By Stephen Jewkes and Oleg Vukmanovic MILAN, Aug 12 (Reuters) – Italy’s Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. Eni owns the […]
Eight Egyptian oil firms owned by the state studied for listing or share-issuance
Egyptian oil IPOs would take place before the end of 2016 Aug 2 (Reuters) – Egypt’s Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian stock market or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday. The government said the IPOs would […]
BP approves investment in Egypt gas field 15 months after discovery
BP working quickly to develop Mediterranean’s untapped fossil fuel reserves LONDON, June 20 (Reuters) -BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. The British oil major, which declined to give an investment figure for the project, said […]
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