petroleum

BP to dig its first exploratory well in Gulf of Suez
Egypt

BP to dig its first exploratory well in Gulf of Suez

  British Petroleum (BP) will begin digging its first exploratory wells in a new concession area northeast of the Ramadan…
UAE’s Mubadala purchases 10% stake in Shorouk concession area
Business

UAE’s Mubadala purchases 10% stake in Shorouk concession area

  Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Govt aims to sell fuel at its cost price: official
Egypt

Govt aims to sell fuel at its cost price: official

Spokesman for the Petroleum Ministry Hamdy Abdel Aziz said that the government aims to increase domestic production of petroleum products…
Petroleum warehouse to provide oil for new administrative city begins trial operation
Egypt

Petroleum warehouse to provide oil for new administrative city begins trial operation

Egypt’s oil minister, Tarek al-Mula, announced on Tuesday that the Misr Petroleum Company embarked in its operation trial of a…
Venezuela’s Maduro celebrates new assembly, mocks US criticism
World

Venezuela’s Maduro celebrates new assembly, mocks US criticism

Venezuelan President Nicolas Maduro on Monday celebrated the election of a new legislative body that is expected to give the…
Official denies Egypt imports LNG from Qatar
Egypt

Official denies Egypt imports LNG from Qatar

An official source from the Ministry of Petroleum has said that Egypt has never directly imported natural gas from Qatar,…
No alternative to increasing fuel prices
Economy

No alternative to increasing fuel prices

An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel prices, especially since the…
Sumed, NBK sign agreement to boost petroleum products storage
Business

Sumed, NBK sign agreement to boost petroleum products storage

Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance part…
Petroleum Minister, EU officials meet to boost cooperation in energy projects
Business

Petroleum Minister, EU officials meet to boost cooperation in energy projects

Petroleum Ministry Tareq el-Molla met with Christian Danielsson, Director-General for European Neighbourhood Policy and Enlargement Negotiations, and Ivan Surkos, Head of the European Delegation…
Oil prices edge lower on doubts over production cut deal
Business

Oil prices edge lower on doubts over production cut deal

Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about…
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