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Egypt: Eni closes agreement with partners for restart of Damietta LNG plant


Egypt: Eni closes agreement with partners for restart of Damietta LNG plant
11 Mar 2021
Eni has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will
restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS s outstanding disputes with EGAS and ARE, and effect a corporate restructuring of Union Fenosa Gas, whose assets have been divided between Eni and Naturgy, as well as of SEGAS which will now be owned 50 percent by Eni, 40 percent by EGAS and 10 percent by EGPC. ....

Arab Republic Of Egypt , Petroleum Corporation , Union Fenosa Gas , Union Fenosa Ga , Egyptian Natural Gas Holding Company , Arab Republic , Egyptian General Petroleum Corporation , East Mediterranean , E Ampp News , Oil And Gas Exploration , Exploration And Production , Energy Pedia , Geological And Geophysical , Alternative Energy , Heavy Oil , Oil And Gas Condensate , Licence Round , Oil And Gas Ministry , Oil Companies , அரபு குடியரசு ஆஃப் எகிப்து , பெட்ரோலியம் நிறுவனம் , எகிப்தியன் இயற்கை வாயு வைத்திருத்தல் நிறுவனம் , அரபு குடியரசு , எகிப்தியன் ஜநரல் பெட்ரோலியம் நிறுவனம் , கிழக்கு மத்திய தரைக்கடல் , ஏ அம்ப்ப செய்தி ,

Georgia: OMV Petrom signs PSC for Block II, offshore Georgia


Georgia: OMV Petrom signs PSC for Block II, offshore Georgia
10 Mar 2021
The company continues its regional expansion in the Black Sea area
OMV Petrom, the largest energy company in South-Eastern Europe, has announced the signing of the Production Sharing Contract (PSC) for the
offshore Block II in the exclusive economic zone of the Georgian Black Sea. OMV Petrom won in June 2020 the international tender organized by the Ministry of Economy and Sustainable Development of Georgia for offshore acreage.
Christina Verchere, CEO OMV Petrom:
By signing the PSC for the offshore exploration Block II in Georgia, we take an important step in the eastern part of the Black Sea, in line with our strategy of looking for opportunities in the Black Sea region. We believe that the Black Sea has a high potential for the upstream sector and with our operating experience of over 40 years in the Romanian offshore area we have a competitive advantage in evaluating the opportun ....

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