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Latest in Tag: eni

Exploration drilling in Nour field begins in September

A source at the Ministry of Petroleum said that the Italian company Eni and Tharwa Petroleum Company will begin digging the first exploration well of the Nour gas field in the concession area in the Mediterranean after obtaining the necessary approvals from the Ministry of Petroleum. Drilling is expected to begin in mid-September

Mohamed Farag

Russian Rosneft buys 30% of Eni stake in Zohr gas field

Minister of Petroleum Tarek El Molla signed an agreement with Italy’s Eni, Russian oil giant Rosneft and the Egyptian Natural Gas Holding Company (EGAS), under which Rosneft will acquire up to a 30% stake in the Shorouk concession for the development of the Zohr gas field in the Mediterranean. Eni will sell the 30% stake …

Mohamed Farag

Eni invests $4bn in Zohr gas production processing plant

Italian oil company Eni invested $3.5-4bn in implementing the Zohr natural gas production processing plant at a capacity of 2.7bn cubic feet of gas per day. Minister of Petroleum and Mineral Resources Tarek El-Molla told Daily News Egypt that the total investments in Zohr field are estimated at $12bn until the point when production begins. …

Mohamed Adel