petroleum
Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt
July 25, 2011
Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt’s Finance Ministry allocated US$300 million in mid-July for the Egyptian General Petroleum Corporation to purchase petroleum throughout the first…
Petroleum Minister: Foreign companies committed to investments
Business
June 12, 2011
Petroleum Minister: Foreign companies committed to investments
The majority of foreign companies in the field of oil and natural gas development and exploration are committed to their Egyptian investments,…
Finance Ministry to allocate LE13.5 bn to EGPC
Business
June 5, 2011
Finance Ministry to allocate LE13.5 bn to EGPC
The Finance Ministry has earmarked LE13.5 billion for the Egyptian General Petroleum Corporation (EGPC) in the new state budget to…
Egypt reviews natural gas contracts
Business
March 23, 2011
Egypt reviews natural gas contracts
The Egyptian Petroleum Ministry is reviewing natural gas sale contracts in an effort to create a new policy that will…
Qatar supplies Libyan rebel cities with petroleum
Egypt
March 16, 2011
Qatar supplies Libyan rebel cities with petroleum
The Gulf state of Qatar has supported the Interim Transitional National Council in the rebel-held Libyan city of Benghazi with…
Egypt, Qatar discuss plans to lay pipeline for natural gas exports
Business
November 30, 2010
Egypt, Qatar discuss plans to lay pipeline for natural gas exports
President Hosni Mubarak has recently agreed with Qatari Emir Sheikh Hamad bin Khalifa
Western Desert oil pipeline theft foiled
Egypt
October 30, 2010
Western Desert oil pipeline theft foiled
An attempt to steal crude oil from the main oil pipeline in the Western Dessert in the Meliha field has…
US report: Egypt has large reserves of natural gas
Business
September 26, 2010
US report: Egypt has large reserves of natural gas
The Deputy of Investment Affairs for the Ministry of Petroleum Ahmed Ashmawi announced that Egypt will move to sixth place…
Govt announces first petroleum services company in Sinai
Business
September 22, 2010
Govt announces first petroleum services company in Sinai
Minister of Petroleum Sameh Fahmi has announced the establishment of the first petroleum services company in Sinai. Half of the…
Finance Minister: Govt to raise energy prices over coming 5 years
Business
September 20, 2010
Finance Minister: Govt to raise energy prices over coming 5 years
The government plans to liberalize energy prices over the course of the next five to seven years in an effort…