Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]
British company Predator Oil & Gas, listed on the UK stock exchange, announced that it has submitted a bid to build and operate a floating storage and regasification unit (FSRU) in Morocco. It responds to a call for tenders launched in April by the Ministry of Energy and Mines, which expires on May 31. Predator […]
Libya’s crude oil production saw a slight rise on Monday March 31, reaching 1,388,781 barrels, up from 1,386,889 barrels recorded the previous day, according to the latest figures from the National Oil Corporation (NOC). Along with the increase in crude oil, condensate production also climbed, reaching 55,693 barrels, an improvement from 53,648 barrels on Sunday. […]
