Tag: petroleum

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Global Energy Stategic Resources

Middle East

MIDDLE EAST

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EGYPT/IRAQ: Egypt and Iraq signed agreements to enhance bilateral ties including oil and water resources. One of the agreements was an oil-for-reconstruction deal, in which Egyptian companies would carry out development projects in return for oil, Iraq’s main natural resource.

SOURCE: MIDDLE EAST MONITOR

 

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Global Energy

Asia Pacific

ASIA PACIFIC

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  • SOUTH CHINA SEA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume energy-related activity in the area (which had been suspended from 2014 due to territorial disputes). The Philippines said the decision to lift the moratorium was arrived at “with full regard of the ongoing negotiations between the Philippines and China.

SOURCE: REUTERS

 

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