petroleum

Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt

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

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

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

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

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

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

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

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

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

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…
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