is the biggest foreign energy producer in Egypt with daily production of around 500,000 barrels of oil equivalent per day, including the share produced by the Egyptian General Petroleum Corporation (EGPC).
Congo is part of Italian major Eni
SpA (BIT: ENI
The value of the stake to be handed over by Eni
to Gazprom is around $170 million.
was thus to increase reserves by about 190m barrels of oil equivalent.
said the Iranian payments--in the form of crude oil--will be completed by 2014 and ENI
will then sever its links with the country.
holds a 50% interest in the Temsah concession through its International Egyptian Oil Company (IEOC) subsidiary, with 50% owned by BP.
Under the new amendments, the company will redeem its convertible bonds under the plan of arrangement using funds provided by Eni
, instead of Eni
acquiring the convertible bonds as originally agreed upon.
Effective for tax years beginning on or after January 1, 2006, a small business taxpayer is defined as one whose ENI
does not exceed $390,000.
In a statement after an emergency board meeting, Eni
said it would set up a task-force to look into the way contracts were awarded since 1998.
AACC has accused African governments of "indifference to the suffering of the people of Sudan, for failing to respond to their appeals and for having supported the re-election of Sudan to the executive committee of the Geneva-based UN Human Rights Commission," ENI
The agreement sets up a new trading joint venture (JV), between ADNOC, Eni
, and Austria's OMV, with trading expected to begin in 2020.
West Ganal is a new Gross Split PSC (Production Sharing Contract) covering an area of about 1,129 square kilometers adjoining the Eni
operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore East Kalimantan.