First Independent Mena Newspaper
Eight oil and gas exploration projects have been awarded by Egypt to several companies in a statement released from the ministry of petroleum. The decision followed the reception of 13 offers after an international call for tender concerning prospective acreage. Among the companies are British Petroleum (BP), International Egyptian Oil Company (IEOC), a subsidiary of […]
Italian oil company Eni has started gas production in the Algerian Menzel Ledjmet East (220 km southeast of Hassi Messaoud) despite security fears exacerbated following last month hostage crisis that ended in a bloodbath in the North African country. Indeed, some 40 foreign workers, who were taken hostage by Islamist militants linked to Al Qaeda […]
Italian energy company ENI has unveiled a $ 8 billion investment plan in Libya to be carried out over the next decade to upgrade current production and launch new exploration activities in the oil-rich country. This huge investment will enable the Italian energy company to expand its business and enhance its presence as the major […]