petroleum

Suez oil blaze under control, preliminary losses estimated at millions
Egypt

Suez oil blaze under control, preliminary losses estimated at millions

A huge fire that erupted Saturday at an oil refinery in Suez has been controlled, said Lieutenant Captain Khaled Bahgat,…
Supply minister negotiating US$1 bn loan for wheat, petroleum products
Business

Supply minister negotiating US$1 bn loan for wheat, petroleum products

Egypt is currently negotiating with the Saudi Arabia-based Islamic Development Bank over a US$1 billion loan for wheat and petroleum…
One dead, four injured in fuel clashes
Egypt

One dead, four injured in fuel clashes

A man was killed and four others were injured Friday in clashes over scarce fuel outside a gas station in…
Official: Fuel crisis expected to continue until mid-May
Egypt

Official: Fuel crisis expected to continue until mid-May

The petroleum products shortage is expected to continue until 15 May, said an official at the Social Solidarity and Domestic…
Egypt finalizing plan to raise gas export prices
Egypt

Egypt finalizing plan to raise gas export prices

Egypt is putting the final touches to a new deal on Egyptian natural gas exports to Israel, including a large…
EgyptAir owes Petroleum Ministry LE1 billion, says minister
Business

EgyptAir owes Petroleum Ministry LE1 billion, says minister

EgyptAir owes the Petroleum Ministry some LE1 billion, Civil Aviation Minister Hussein Massoud said at a press conference on Tuesday.…
French company Total to open US$3 billion plant in Egypt
Business

French company Total to open US$3 billion plant in Egypt

French energy company Total is on the verge of signing a contract with the Egyptian Petrochemicals Holding Company to establish…
Egypt’s Egas plans gas bids round early 2012
Business

Egypt’s Egas plans gas bids round early 2012

DOHA - Egypt's state-owned gas company Egas plans to hold a bidding round for natural gas exploration early next year,…
Armed forces end sit-in against Damietta factory
Egypt

Armed forces end sit-in against Damietta factory

Armed forces ended late on Wednesday a sit-in by hundreds of citizens protesting against a Damietta factory they say is…
Egypt’s EGPC offers 15 blocks in latest bid round
Business

Egypt’s EGPC offers 15 blocks in latest bid round

State-owned Egyptian General Petroleum Corporation (EGPC) said it was offering 15 blocks in its 2011 oil and gas bid round.…
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