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Shell to begin sale of Egyptian desert assets

A source close to Shell disclosed to Reuters that the plans to sell Egyptian desert assets will begin at the end of this month. It is said to cover 19 oil and gas concessions with a production of 100,000 barrels per day for a total of one billion dollars.

South Sudan holds Landmark oil auction

South Sudan is currently working on holding an oil licensing round by the end of the first quarter of 2020, inviting oil companies to participate in the tender for 14 oil exploration blocks.

LUKOIL signs MoU with Equatorial Guinea

The President of LUKOIL, Vagit Alekperov and Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea, Gabriel Mbaga Obiang Lima, recently signed a MoU (memorandum of understanding) at the Russia–Africa Summit in Sochi on the Oct 23, 2019.

NNPC signs MoU with Russian oil firm, Lukoil 

A Memorandum of Understanding (MoU) was signed between Nigeria and Russia yesterday, Sochi, Russia, which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to build a commercial relationship.
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