Lukoil Is Discussing New Projects In Egypt
Lukoil is interested in expanding its work in Egypt and is discussing new concession areas, the country’s Minister of Petroleum and Natural Resources Tarek El-Molla told reporters. “They are good partners and they want to increase business in Egypt, they are discussing new concession areas,” he said. The minister noted …
The Egyptian Parliament Approved a Deal With Lukoil Overseas for Oil Exploration and Production
Ahmed al-Awadi, Chairman of the Committee on Defense and National Security in the Egyptian Parliament, said that the agreement is being implemented as part of his country’s oil and gas sector development strategy. The House of Representatives (lower house of parliament) of Egypt approved a bill allowing the Minister of …
Rosneft and EGPC Agreed on the Term Sheet of Oil Products and LPG Future Supplies
Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation (EGPC) General Director Tarek El-Molla signed a Term Sheet for prospective supplies of oil products and liquefied petroleum gas (LPG) delivered by Rosneft to the Egyptian company. The document, signed in continuation of agreements reached at the …