petroleum

Benefits of cheap oil will come, but not soon
Business

Benefits of cheap oil will come, but not soon

With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when…
‘Middle East effect’ on oil prices propels financial markets
Business

‘Middle East effect’ on oil prices propels financial markets

A crisis in the oil-rich Middle East has historically meant an increase in oil prices; however this now seems a thing…
CNN: Oil prices fell 35%. What now?
Business

CNN: Oil prices fell 35%. What now?

Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That's a level not seen…
Govt seeks 1,5% budget deficit reduction relying on subsidy cuts: PM
Business

Govt seeks 1,5% budget deficit reduction relying on subsidy cuts: PM

Prime Minister Sherif Ismail announced on Saturday that the government has been tasked with reducing the budget deficit by 1.5…
Subsidies, Gulf aid to reduce if oil price drops to US$20: center
Business

Subsidies, Gulf aid to reduce if oil price drops to US$20: center

A drop in oil prices to US$20 per barrel could decrease financial and in-kind aid Egypt receives from Gulf countries,…
Days-old fuel shortages persist against govt assurances
Egypt

Days-old fuel shortages persist against govt assurances

Gas stations across Egypt are being overwhelmed by people seeking fuel, while the government continues to insist that supplies are…
Egypt eyes 9 oil deals worth US$2.2 billion
Business

Egypt eyes 9 oil deals worth US$2.2 billion

Egypt is preparing for the signing of nine petroleum deals which were approved in a recent Cabinet meeting, Petroleum Minister…
EGPC: Cooperation with Iran up to ‘sovereign authorities’
Business

EGPC: Cooperation with Iran up to ‘sovereign authorities’

Egypt’s petroleum corporation has said that any future cooperation with Iran- after a nuclear deal with major world powers will…
Fuel smart cards available across the country Friday
Business

Fuel smart cards available across the country Friday

Fuel smart cards will be available for car owners across the republic starting Friday, the Finance Ministry said Thursday, noting…
Petroleum workers association in solidarity with striking gas sector
Egypt

Petroleum workers association in solidarity with striking gas sector

An association of petroleum workers has voiced their solidarity with the striking workers of the Egyptian state gas company, who…
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