Tag: investments
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Oil and gas in Iran targets investments of $250 billion
The oil and gas sector in Iran plans to attract investments of more than $250 billion over the next 8 years, despite the US sanctions on Tehran, which are causing the reluctance of many international companies. During his participation in the OPEC conference, Iranian Oil Minister Javad Oji said that during the past 20 months,…
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Oil production in India is booming with investments of more than one billion dollars
India’s oil production is expected to boom in the near term, in a bid to reduce the country’s dependence on imports from other countries. In this context, the Indian Oil and Natural Gas Corporation (ONGC) is preparing to bet billions of dollars on deep-water and ultra-deepwater exploration. This comes at a time when New Delhi…
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Increasing oil and gas production in Iran, starting from 2024.. These investments are required
Oil and gas production in Iran is preparing for a domestic boom by next year (2024), including boosting the petrochemical sector as well, despite the continued US sanctions. The CEO of the National Iranian Oil Company “NEOC”, Mohsen Khojashmehr, said that increasing production requires a large amount of investments to complete the projects that have…
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Russia’s Lukoil announces important developments regarding its investments in Ghana and Cameroon
The Russian Lukoil company disclosed new developments regarding its investments in the oil and gas sector in West African countries, especially Ghana and Cameroon. And the company announced its readiness to submit the final plan for the development of the offshore Ghana field to the regulatory bodies in Ghana, in preparation for making the final…
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ADNOC supports “Make in the UAE” with 23 agreements, with investments of $4.6 billion
The Abu Dhabi National Oil Company (ADNOC) has signed agreements with 23 companies, with investments amounting to 17 billion dirhams ($4.63 billion) as part of its strategy to support local manufacturing in the UAE. The agreements signed with a number of local and international companies come as part of investments worth AED 70 billion ($19…
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The oil and gas sector in Algeria is awaiting the pumping of $40 billion in investments to increase production
The oil and gas sector in Algeria is expected to pump $40 billion over the next 5 years, as part of a strategic plan aimed at increasing production to secure growing domestic demand and increase exports. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said that his country is planning a…
