The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
Mauritania and its northern neighbor, Morocco, have inked several cooperation agreements meant to give a new momentum to their partnership in various sectors of common interest. The two countries, members of Arab Maghreb Union gathering also Algeria, Tunisia and Libya, have agreed to bolster joint actions and projects in the fields of transport, energy & […]
US hydrocarbon exploration firm, Vaalco Energy, will start an offshore drilling campaign next month as Gabon works to increase its crude oil production by 50 percent by 2020/2021. The start of the drilling campaign follows a successful full-field maintenance shut down at four of Vaalco’s platforms in the Central African nation The five-well drilling campaign […]
