Sinopec, one of Chinas largest state-owned companies, has undertaken to invest US$480mn in South Africa to upgrade and modernise Chevron South Africa’s Cape Town-based oil refinery
Chinese Sinopec to acquire Chevron South Africa
Exploration
Algeria's Sonatrach to help in Iraq’a oil and gas exploration projects
The government-run energy company of Algeria, Sonatrach, is planning possible investment opportunities in Iraq’s oil exploration and natural gas projects
Explorers primed for 2018, although caution likely to be paramount: Wood Mackenzie
Wood Mackenzie has indicated hard competition for prime exploration targets as sector emerges from downturn in 2018
Saipem and Eni sign contract for Angola’s West Hub
Saipem has signed a contract with Eni Angola for the Italian firm’s West Hub Development project in Angola
Egypt to launch international bids for oil exploration in 2018
Egypt will start international bids for oil and gas explorations in various areas on the Red Sea after finishing seismic survey before the end of Q1 2018, said Tarek al-Mulla, minister of petroleum and mineral resources in Egypt
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