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Tag: Enoc
Dragon Oil CEO

Dragon Oil CEO Ali Al Jarwan comments on GUPCO acquisition from BP in Egypt

Posted: June 4, 2019 at 5:27 pm   /   Oil & Gas

In an interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans. Dragon Oil, the exploration and production arm of Emirates National Oil Company (ENOC), is in the process of finalising an acquisition in Egypt which will add 70,000 barrels per day of […]

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Gupco BP

BP divests its Gulf of Suez mature oil concessions in Egypt to Dragon Oil

Posted: June 3, 2019 at 5:47 pm   /   Oil & Gas

BP to divest mature oil assets in Egypt to Dragon Oil. BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company.  Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf […]

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BP

BP nears sale of its stake in GUPCO to Dragon Oil for over $600 million

Posted: May 25, 2019 at 9:34 pm   /   Oil & Gas

BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. The sale, which is expected to complete in the coming weeks, would mark the end of BP’s 50-year-old partnership in the Gulf of Suez Petroleum Company […]

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BP

ENOC’s Dragon Oil to acquire BP’s mature assets in Egypt?

Posted: April 17, 2019 at 8:36 am   /   Oil & Gas

Emirates National Oil Company (ENOC) subsidiary Dragon Oil is set to acquire unspecified assets in Egypt within the next three to four months, Dragon Oil CEO Ali Al Jarwan told Oil & Gas Middle East. According to Al Jarwan, the asset should add 70k bpd to the company’s production. While Al Jarawan did not disclose […]

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dragon-oil

Dragon Oil to finalise acquisition in Egypt in next 3 to 4 months

Posted: April 12, 2019 at 9:35 am   /   Oil & Gas

In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans. Dragon Oil, the exploration and production arm of Emirates National Oil Company (ENOC), will finalise an acquisition in Egypt in the next three to four months, CEO Ali Al Jarwan […]

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Dragon Oil

Egypt part of Dragon Oil’s $500 million regional investment budget?

Posted: October 14, 2018 at 6:52 pm   /   Oil & Gas

Egypt in line for a chunk of Dragon Oil’s USD 500 million regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 million next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k bbl/d of oil by […]

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ENOC Jet Fuel

ENOC signs agreement with EGPC for marketing of jet fuel in Egypt

Posted: September 30, 2018 at 12:39 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) and the UAE’s ENOC signed a commercial agreement allowing the company to enter the jet fuel activity in Egypt. This agreement comes in line with the directives of the political leadership of the two countries to enhance mutual cooperation and benefit from the expertise, capabilities and technologies available to […]

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Dubai-based Enoc eyeing new investment opportunities in Egypt

Posted: February 13, 2018 at 4:30 pm   /   Oil & Gas

The company operates a concession in the North African country through its unit Dragon Oil. Dubai-based Emirates National Oil Company (Enoc) is looking at investments in Egypt through its wholly-owned subsidiary Dragon Oil as it seeks to expand its regional footprint. Dragon Oil, which fully owns the East Zeit Bay offshore concession south of the […]

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