The Nigerian National Petroleum Company (NNPC) Ltd, Africa’s biggest oil producer, has signed a memorandum of understanding (MoU) with a Norwegian company to build a floating LNG plant in the West African country to boost its domestic supplies and exports. Nigeria’s state oil giant has inked the MoU with Golar Liquefied Natural Gas Energy (GLNG) […]
An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy has been hit badly by terror attacks and political unrests. The country has been suffering from severe foreign currency shortage since the beginning of the year. This was mainly because […]
Egypt’s Ministry of Petroleum and Mineral Resources has confirmed that two workers were killed and six others injured after an explosion at a gas pipeline facility in the Abu Sultan area of Ismailia governorate on Sunday evening. The blast, which occurred during routine maintenance preparations, was traced to the detachment of a launcher trap […]
