The Arab Petroleum Investments Corporation (APICORP), a multilateral financial development institution, has released its Gas Investments Outlook 2019-2023 on the MENA region’s planned and committed investments for the period 2019 to 2023
Gas
US provides US$430mn in insurance to natural gas project in Egypt
Adam Boehler, CEO of the US International Development Finance Corporation (DFC), has announced a commitment to provide US$430mn in insurance to advance energy security in Egypt by rehabilitating a natural gas pipeline and transporting natural gas from offshore fields in Israel
ADNOC signs LNG agreements with BP and TOTAL
ADNOC LNG has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 2022
‘Egypt’s EGPC saw highest number of oil and gas discoveries in Q3 2019’
The Egyptian General Petroleum Corporation (EGPC) led globally among companies in Q3 2019 with the highest number of oil and gas discoveries, according to data and analysis company GlobalData
Russia’s LUKOIL wins stake in ADNOC’s Ghasha Sour Gas Concession
The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have granted five per cent stake of Ghasha’s ultra-sour gas concession, including Hail, Ghasha, Dalma and other offshore sour gas fields, to a subsidiary of the Russian listed PJSC Lukoil Oil Company (LUKOIL)
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