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Tag: Rosneft

Rosneft applies for natural gas import license in Egypt

Posted: December 2, 2018 at 1:11 pm   /   Oil & Gas

Russian energy giant Rosneft has begun the process of acquiring a license to import natural gas, sources told Al Mal on Thursday. The company has apparently received preliminary approval from the government to form a JV with a local entity for the activity, they added. If true, the move indicates that not only is the […]

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Rosneft: Gas production still ramping up at Zohr offshore Egypt

Posted: August 23, 2018 at 4:47 pm   /   Oil & Gas

Rosneft has issued a progress report on the deepwater Zohr gas development in the Egyptian sector of the Mediterranean Sea, where production started at the end of last year. Currently six development wells have been commissioned, raising gas output to 31.5 MMcm/d. Four lines of the gas treatment facility (GTF) are in operation, the last […]

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Mubadala Pet

Eni completes sale of 10% stake in Shorouk concession to Mubadala Petroleum

Posted: June 20, 2018 at 10:52 pm   /   Oil & Gas

Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while Rosneft holds 30%, BP 10% […]

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Rosneft - Fleet

Rosneft, Fleet Energy sign agreement for possible joint gas supplies to Egypt

Posted: May 28, 2018 at 2:35 pm   /   Oil & Gas

Rosneft and Fleet Energy trader have signed a framework cooperation agreement to explore the possibilities of developing a supply chain for gas supplies to Egypt, Russia’s top oil producer said in a statement on Friday. The agreement was signed by Rosneft Vice President for Refining, Petrochemicals, Commerce and Logistics Didier Casimiro and President of Fleet […]

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Eni sells 10% stake in Zohr to UAE's Mubadala for $934 million

Posted: March 12, 2018 at 10:57 am   /   Oil & Gas

Eni sells 10 percent of Egypt’s Shorouk concession to Mubadala Petroleum. Italian oil company Eni said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million. Eni currently holds through its subsidiary IEOC a 60 percent stake […]

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Zohr is a record-breaking deal for foreign partners

Posted: January 17, 2018 at 2:12 pm   /   Oil & Gas

Introducing Zohr: Egypt officially started operations of the Mediterranean’s giant gas field Zohr last month, less than two and a half years since its discovery and is currently producing 350 million cubic feet a day. Development works of Zohr went faster than scheduled, as the initial plan was to start production in 2019. But the […]

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Zohr will help place Egypt in league of world’s major energy producers

Posted: January 9, 2018 at 2:07 pm   /   Oil & Gas

How 2018 will shape up for Egypt. The year has started on a positive note for the most populous Arab nation, but much needs to be done to end it on a high. Record numbers of tourists strolling in the shadows of Luxor’s towering monuments, a possible resumption of flights between Cairo and Moscow, and […]

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Bloomberg: Why the giant Zohr gas field is a big deal for Egypt (Q&A)

Posted: December 20, 2017 at 4:58 pm   /   Oil & Gas

The gas imports which once helped Egypt avert power blackouts may soon be a thing of the past. Eni SpA’s massive “Zohr” natural gas field, the Mediterranean Sea’s largest offshore field, started production earlier this month. Its huge reserves could prove a permanent remedy to the most populous Arab nation’s power needs and bring Egypt […]

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Egypt to allow foreign companies to “freely” export surplus gas in five years

Posted: December 19, 2017 at 9:49 am   /   Oil & Gas

Egypt will allow foreign companies to “freely” export natural gas not needed for domestic use in five years, Oil Minister Tarek El Molla announced on Monday during Al Ahram’s energy conference, according to Reuters. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in […]

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Egypt's giant Zohr natural gas field starts production at 350 mmcf/d

Posted: December 17, 2017 at 7:30 pm   /   Oil & Gas

• El-Molla: Field starts pumping gas to Egypt national network. • Zohr field may turn Egypt from LNG importer to gas exporter. Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency. Gas from the Mediterranean’s largest offshore field is pumped to a facility in […]

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