petroleum
$9 billion in UAE and Saudi investments for new power stations
Business
March 15, 2015
$9 billion in UAE and Saudi investments for new power stations
The New and Renewable Energy Authority has signed a memorandum of understanding with the UAE Masdar company to build a…
Energy, bride of the economic summit , Govt offers 24 projects in oil and electricity
Business
March 13, 2015
Energy, bride of the economic summit , Govt offers 24 projects in oil and electricity
The energy crisis of Egypt that had reached unprecedented levels has produced promising investment opportunities for private sector companies in…
Nine steps taken to reform Egypt’s energy system
Business
March 13, 2015
Nine steps taken to reform Egypt’s energy system
- Government decree issued in June 2014, restructuring the energy subsidization system and gradually raising energy prices by 2019.- Repayment…
Apache 2014 4Q production down from 2013, company says
Business
February 12, 2015
Apache 2014 4Q production down from 2013, company says
The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in…
Negotiations start over importing petroleum from Kuwait, Saudi Arabia
Business
February 8, 2015
Negotiations start over importing petroleum from Kuwait, Saudi Arabia
Egypt has started negotiations with Saudi Arabia and Kuwait over a supply of petroleum products requested to cover the country's…
Industry federation rejects private sector assistance in butane crisis
Business
February 1, 2015
Industry federation rejects private sector assistance in butane crisis
A petroleum expert has rejected the suggestion to entrust the private sector to the storage of butane gas for emergencies…
Investment minister blames economy decline on energy
Business
January 21, 2015
Investment minister blames economy decline on energy
A flawed system of the generation and distribution of energy was the basic reason behind the deterioration in Egyptian economy…
Former Minister: Foreign oil firms slashed budget over crude price drop
Business
January 8, 2015
Former Minister: Foreign oil firms slashed budget over crude price drop
Foreign oil companies have slashed their budgets for 2015 by 30 percent, driven by declining world petroleum rates, former petroleum…
Saudi Arabia says aid to Egypt unaffected by oil price decline
Business
December 26, 2014
Saudi Arabia says aid to Egypt unaffected by oil price decline
A recent sharp decline in international petroleum prices will not affect Saudi financial support to Egypt, senior Saudi cabinet official…
Govt finishes subsidy lifting scheme pending approval by next parliament
Business
December 7, 2014
Govt finishes subsidy lifting scheme pending approval by next parliament
The government has concluded a scheme to lift energy subsidies, according to a senior official, but added that it will…