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FINANCIAL NEWS
Italian Co. invests USD4bn in Zohr gas production plant
16 Aug 2016
(MENAFN) Italian oil firm-Eni invested USD3.5-4bn in applying the Zohr natural gas production processing plant at a capacity of 2.7bn feet of gas per day.
Accordingly, the whole investments in the field are estimated at USD12bn until the production starts, while investments will grow to USD16bn over the life of the field.
In addition, the firm is recently working in order to facilitate the production processes related to receiving and processing the gas in Port Said.
The Italian firm aims to link almost 900m cubic feet of gas per day with the national grid by the end of 2017 or in the first quarter of 2018.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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