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Regional News: Mediterranean/N. Africa

 
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Minister: Egypt to Pay Some $1B Owed Oil Firms Within Two Months
Wednesday, April 23, 2014 Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency says, quoting Oil Minister Sherif Ismail.

NOC: Libya Oil Output 220,000 Bpd, Several Fields Still Closed
Tuesday, April 22, 2014 Libyan oil output is currently around 220,000 barrels per day as several western oilfields remain closed due to protests.

Libya Slashes Budget By A Third To Offset Loss Of Oil Revenue
Monday, April 21, 2014 Libya must slash its budget by a third and halt infrastructure funding to offset the loss of oil revenues due to a 9-month shutdown of major ports and oilfields, the head of parliament's budget committee says.

Oil Output In South Sudan's Unity State Delayed By Fighting
Thursday, April 17, 2014 A new bout of fighting in South Sudan's oil-producing Unity state will delay the resumption of output in the region, a senior oil ministry official says.

Oil Minister: Restart Of Libya's Oil Output Hard To Predict
Wednesday, April 16, 2014 Libya's oil minister says there was no clear timetable for the resumption of steady oil output as an end to the stand-off with rebels could still falter.

  



Glencore To Buy Chad Oil Firm Caracal For $1.3B
Monday, April 14, 2014 Glencore Xstrata agrees to buy Caracal Energy for about $1.3 billion, a deal that will allow the commodity giant to expand upstream in the oil sector.

Libyan Rebels, Government Agree to Reopen Two Occupied Oil Ports
Sunday, April 06, 2014 Libya reaches a deal with revels to reopen two occupied oil ports accounting for 200,000 barrels of oil per day.

MOG Awarded Costs after Court Victory
Thursday, April 03, 2014 Leni Gas & Oil is ordered to pay all Mediterranean Oil & Gas's legal costs following the failure of Leni's case against MOG over the 2012 Maltese license deal between the two firms.

NOC: Oil Condensate Flows From Wafa Field To Mellitah Port Still Blocked
Sunday, March 30, 2014 Oil condensate flows from Libya's Wafa field to Mellitah, a port in the west of the country, are still blocked, according to the Libya's National Oil Corporation.

Libyan Protesters Block Oil Pipeline To Mellitah Port As Strikes Widen
Thursday, March 27, 2014 Libyan protesters block a pipeline carrying oil condensates from the southwestern al-Wafa oilfield to the Mellitah export port, state-owned NOC says.

Trial over Malta Dispute to Deliver Judgment Thursday
Wednesday, March 26, 2014 London's Commercial Court will deliver its judgment Thursday in the case regarding 2012's Malta Area 4 license deal between Mediterranean Oil & Gas and Leni Gas & Oil.