Eni plans to complete phase one of its $4 billion gas processing plant in Port Said next October, Al Borsa reported. The first phase of the plant, which will process gas from Zohr, will produce a daily 650 mcf, which represents 24% of the facility’s total daily capacity upon becoming fully operational of 2.7 bcf. 37 more words
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Board to consider buying 35 percent stake in Eni’s project in Egypt.
Russian oil firm Rosneft said it was interested in an offshore concession in Egypt. 144 more words
Russia’s Rosneft Board to meet on potential acquisition of up to 35% of Shorouk offshore concession from Eni
The board of Russia’s Rosneft will meet tomorrow (7 December) to discuss the potential acquisition of up to 35% of the Shorouk offshore concession from Eni, Al Masry Al Youm reported. 31 more words
The mining world was rocked earlier this month after swirling corruption allegations stemming from the Simandou iron ore mine in Guinea led to the dismissal of two top-level Rio Tinto executives and cast even more doubt over a project that has languished for two decades. 1,130 more words
A 70% fall in the metical has put the price of goods out of the reach of many.
Some foreign ambassadors posted to Maputo, Mozambique’s beachfront capital, have noticed their security guards are starting to look thinner. 873 more words
Mozambique’s National Petroleum (INP) expects to sign new oil and gas prospecting contracts by early next year with the companies awarded rights to test for hydrocarbons across the country, an official said on Thursday. 264 more words