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Tag: Lukoil

Lukoil’s CEO hopes for prompt extraction at Meleiha Block in Egypt

Posted: October 21, 2018 at 2:20 pm   /   Oil & Gas

Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which the company is developing jointly with Italy’s Eni and Japan’s Mitsui, will start as soon as the talks with the Egyptian government are finished, LUKoil CEO Vagit Alekperov said on Friday. Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which […]

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Eni, Lukoil to invest $700 million in Western Desert gas processing plant

Posted: May 14, 2018 at 9:35 pm   /   Oil & Gas

A consortium including Italy’s Eni, Russian energy company Lukoil and the Egyptian General Petroleum Corporation (EGPC) is set to establish a natural gas processing plant in Egypt’s Western Desert with a capacity of 100 million cubic feet of gas per day and investments worth $700 million. The construction will start once government approvals are issued. […]

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ExxonMobil joins list of companies reportedly interested in Zohr field stake

Posted: August 14, 2016 at 2:23 pm   /   Oil & Gas

ExxonMobil has reportedly joined Lukoil, Total, Edison, and BP on the list of IOCs negotiating with Eni to acquire at least 20% of its stake in the Zohr field, sources tell Reuters. ExxonMobil does not have upstream concessions in Egypt, but has recently landed bordering acreage in Cyprus, the news wire reports. Eni is trying […]

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Eni in talks with big oil companies about sale of Zohr stake – sources

Posted: August 14, 2016 at 2:15 pm   /   Oil & Gas

Italy’s Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. Eni owns the whole of Zohr and has said it is interested in bringing in partners as part of its strategy of selling some […]

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BP, Edison & Total reportedly interested in Zohr stake

Posted: August 4, 2016 at 2:13 pm   /   Oil & Gas

BP, Edison and Total have reportedly expressed interest in acquiring a stake in Eni’s Zohr field, sources told Al Mal. The three companies are seeking technical information about the field and some have already begun negotiations with Eni, the source added. Eni could be looking to sell around a 40% stake in the field for […]

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Eni reportedly to sell 20% Zohr stake to Lukoil

Posted: April 2, 2016 at 3:38 pm   /   Oil & Gas

Italian energy company Eni reportedly will sell 20 percent of the Zohr gas field, the largest gas discovery in the Mediterranean and made by Eni last year, to Russian Lukoil, industry sources say. The works are coming along quickly and at the end of February they received the extraction authorisation. The extraction is planned to […]

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Eni reports record level of oil production in the Western Desert

Posted: April 21, 2015 at 8:30 pm   /   Oil & Gas

In just three years, the company has doubled production in the Western Desert, reaching 70 thousand barrels of oil per day. Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such […]

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