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Tag: Modernization
aramco

Aramco inks supply, offtake deal with Egypt’s Red Sea PetChem Complex

Posted: February 19, 2022 at 12:29 pm   /   Oil & Gas

Aramco inks supply, offtake deal with proposed Egyptian integrated complex: Saudi Aramco’s Aramco Trading Co. has executed a long-term, nonbinding agreement to supply 100,000 b/d of Arabian crude oil to Red Sea National Petrochemicals Co.’s grassroots integrated refining and petrochemicals complex to be built on the Gulf of Suez. Saudi Aramco’s Aramco Trading Co. (ATC) has executed […]

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apache

Egypt’s Parliament approves Apache’s Modernized Production Sharing Contract

Posted: December 1, 2021 at 11:45 am   /   Oil & Gas

APA Corp. says Egypt’s parliament approved the company’s agreement to modernize and consolidate its current production sharing contracts with the government. APA says the changes will “simplify the contractual relationship with [the government] and include provisions to create a single cost recovery pool, facilitate increased recovery of prior investment, adjust cost recovery and production sharing percentages, and refresh the […]

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Apache

Apache CEO meets President Sisi to discuss Company’s Investments and Modernization Efforts in Egypt

Posted: July 15, 2021 at 12:07 pm   /   Oil & Gas

CEO of Apache Corporation, John J. Christmann, met with H.E. Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, on July 14th, 2021 to discuss business relations between Egypt and the United States of America and Apache’s work with the Ministry of Petroleum and Mineral Resources supporting the ongoing modernization of Egypt’s oil and […]

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apache

Apache moves toward revamp of its contracts in Egypt’s Western Desert

Posted: May 5, 2021 at 2:25 pm   /   Oil & Gas

APA Corp. reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corp. in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate most of the concessions in the Western Desert of Egypt operated by APA Corp. […]

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