Mena Terminals will be expanded by approximately 93,000 square metres to house the plant, which is scheduled for completion in 2026.
Crude oil prices were under pressure this morning after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1.
For the first time in ten months, Europe’s imports of liquefied natural gas rose in October from the previous month as it moved to fill its gas storage sites for the winter in which the transit deal for Russian pipeline gas flows via Ukraine expires.
These prestigious annual awards celebrate individuals and organizations making a lasting impact on Africa’s oil, gas and energy sectors, driving progress toward continent-wide energy security.
Egyptian Minister for Petroleum and Mineral Resources, Karim Badawi, has met with BP’s Executive Vice President of Gas & Low Carbon Energy William Lin to review the company’s latest activities in Egypt including the exploration and production for natural gas.
According to ANPG, there are currently 28 licensing opportunities available – including six onshore blocks, ten blocks on permanent offer, eight offshore blocks under the 2025 bidding round, and four block opportunities with discoveries.
Recent regulatory reforms have positioned the country as a highly competitive market for foreign investment. With a 2025 licensing round expected to open in Q1 next year, the country offers a wealth of opportunity for upstream firms
OPEC member Libya plans to offer blocks both onshore and offshore in the tender expected by the end of 2024 or in early 2025, the official told Bloomberg.
There has been a 55.6 percent increase in revenue received for the period as a result of higher production, which recorded over 10 percent increase.
This is a result of a prudent governance system and efficient operational practices introduced by the Board and Management of the Company over the past four years.