The Jordanian government has announced that Iraq is ready to start construction of an oil pipeline in 2014, that will carry oil from the Iraqi city of Basra to the Port of Aqaba
Exploration & Production
Tangiers Petroleum gets approval from Morocco to sell stake in offshore block
Morocco’s Ministries of Energy and Finance have approved the transfer of a 50 per cent interest in the Tarfaya Offshore Block from Tangiers Petroleum to Galp Energia
UAE investment firm buys stake in Africa-focussed Swala Energy
Hayaat Group, a private investment company based in Abu Dhabi, has acquired 10 per cent stake in Swala Energy for US$3.3mn
Egypt gives nod to seven oil and gas agreements
The Egyptian Cabinet has approved seven new oil and gas exploration agreements, that is expected to bring an investment of atleast US$1.2bn
RWE Dea signs offshore concession deal with Egypt and Dove Energy
RWE Dea has announced that it has signed an agreement with the Eqyptian government and Dove Energy for the offshore East Ras Budran concession
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