petroleum
BP to dig its first exploratory well in Gulf of Suez
Egypt
August 1, 2018
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
June 21, 2018
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
April 18, 2018
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
December 13, 2017
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
July 31, 2017
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
July 28, 2017
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
June 14, 2017
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
May 20, 2017
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
April 12, 2017
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
October 28, 2016
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…