EGYPT NEED INVESTMENT $10 BLN
REUTERS - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday.
Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year.
The 25 percent gain comes as a result of foreign companies investing in major gas projects in the Mediterranean, he said.
Egypt aims to increase its gas production from newly discovered fields, which include the mammoth Zohr asset discovered by Italy's Eni in 2015.
Once a gas exporter, Egypt hopes to halt imports by 2019.
|August, 20, 14:30:00|
|August, 20, 14:25:00|
|August, 20, 14:20:00|
|August, 20, 14:15:00|
|August, 20, 14:10:00|
|August, 20, 14:05:00|
BAKER HUGHES A GE - U.S. Rig Count is unchanged at 1,057 rigs, with oil rigs unchanged at 869, gas rigs unchanged at 186, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 3 rigs from last week to 212, with oil rigs up 1 to 141 and gas rigs up 2 to 71.
REUTERS - Brent crude oil futures LCOc1 were down 3 cents at $71.40 a barrel by 00229 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 1 cent to $65.45 a barrel.
МИНЭНЕРГО РОССИИ - «Если рассмотреть Конвенцию через призму энергетического сотрудничества прикаспийских государств, можно отметить, что она открывает большие перспективы для расширения и углубления взаимовыгодного сотрудничества в сфере ТЭК», - сказал глава российского энергетического ведомства.
WNA - Nuclear reactors generated a total of 2506 TWh of electricity in 2017, up from 2477 TWh in 2016. This is the fifth successive year that nuclear generation has risen, with output 160 TWh higher than in 2012.