The Algerian ambassador in Pakistan has called for more business transactions and investments between the two countries during a speech addressed to the members of the Lahore Chamber of Commerce and Industry (LCCI). Ambassador Dr. Ahmed Benflis said the excellent political and economic relations between the governments should be transformed into increasing bilateral trade. Ambassador [...]
A decade long investment plan worth $8 million has been revealed by ENI# to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in Libya. The announcement was made by its Chief Executive Paolo Scaroni who also presented the investment and development objectives of the [...]
Italy’s petrol giant, ENI has once again started exploratory drillings in Libya as it continues to increase its activities in Africa. The drilling is onshore and the well is being totally operated by the company’s subsidiary in the region, ENI North Africa. The drilling will attain a total depth of 14,500 feet and new techniques [...]
Prime Minister Abdelmalek Sellal has insisted that the country’s intention to exploit shale gas “is a long term option” which can be projected to possibly around almost three decades from now during a meeting with representatives of employers’ organizations and the Central Union of Algerian Workers (UGTA). The meeting was attended by the ministers of [...]
The Moroccan government has signed an agreement with Chariot Oil & Gas Investments (Morocco) to grant it a 75% interest and operatorship in offshore license called the Rabat Deep. The agreement increases the possession of the company’s offshore surface area to a total of 16,207km². The Rabat Deep covers an area of 10,782km² and it [...]
Diplomatic sources have hinted that Exxon Mobil will be forgoing its giant oilfield project in southern Iraq because of small profits from the estimated $50 billion West Qurna-1 project which has 8.7 billion barrel reserves for better projects in the Kurdistan autonomous region. Although Baghdad considers oil agreements with the Kurdistan Regional Government illegal, diplomatic [...]
In a report released on Sunday, fresh talks have been held between Palestine and Israel over the development of a gas field off the coast of the Gaza Strip. In the report which will be submitted to a New York gathering of donors to the Palestinian Authority cites that the “development of the Gaza Marine [...]
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