First Independent Mena Newspaper
Energy companies are all trying to get a share of Algeria’s oil and gas reserves as the country tries to boost its production capacity. The latest company to join the energy companies in Algeria is Dragon Oil Company based in the Emirates. It is an international oil and gas exploration, development and production company. The […]
Cairo is hoping to raise the share of its gas during a new wave of exploration in the Mediterranean following some major Israeli oil discoveries in the region. Israel confirmed on November 26 that it had discovered some visible signs of natural gas in the Mediterranean, which are in fact very close to drilling sites […]
Egypt has denied the claims of an Israeli Minster that the shortage of gas has forced them into buying gas from Israel. Although Egypt is experiencing gas shortages, it denied contacting Israeli authorities for a possible gas deal. An unpopular 20-year gas supply deal to Israel from Egypt under the Mubarak regime was terminated by […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]
During a news conference at the Turkish capital, the Chief Executive of Shell announced that oil exploration and production possibilities are being analyzed in the Black Sea by the TPAO, a state owned Turkish oil firm, and Royal Dutch Shell (RDSa.L). TPAO and Shell signed an agreement last year concerning the exploration and production of […]