Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019.
Iran will invite foreign companies to bid for oil and gas projects in the country's first round of tenders since sanctions were lifted in January.
Egypt has reduced the arrears it owes to foreign oil companies by $100m to $3.4b in 2015/2016, compared to the previous year, declared the Petroleum Minister, Tarek El Molla.
Uganda's long-awaited pipeline through Kenya has hit another snag after Uganda's government announced that it is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives,
Iran's Minister of Petroleum Bijan Zangeneh announced on Iranian TV that an unnamed French company wanted to buy associated gas from the offshore Forouzan platform, to be converted into LNG afterwards