Petroleum ministry
Egypt, Cyprus aim for gas import deal in 6 months
Business
February 16, 2015
Egypt, Cyprus aim for gas import deal in 6 months
Egypt and Cyprus have signed a memorandum of understanding on energy cooperation and aim to reach a deal on Egyptian…
Three agreements signed to excavate oil and natural gas with US$265 million investments
Business
February 13, 2014
Three agreements signed to excavate oil and natural gas with US$265 million investments
Petroleum Ministry signed on Tuesday three new agreements on excavating petrol and natural gas in maritime areas north and east…
Egypt’s debts to foreign oil companies reach US$6.2 billion: minister
Business
October 1, 2013
Egypt’s debts to foreign oil companies reach US$6.2 billion: minister
Minister of Petroleum and Mineral Resources Sherif Ismail has announced that Egypt's debts to foreign companies reached US$6.2 billion by…
Diplomat: Egypt’s subsidized diesel being smuggled to Jordan
Egypt
June 1, 2013
Diplomat: Egypt’s subsidized diesel being smuggled to Jordan
Traffickers use trucks to smuggle around 18 million liters of subsidized diesel a year from Egypt to Jordan, an Egyptian…
Egypt wants bigger share in future oil, gas contracts
Business
April 24, 2013
Egypt wants bigger share in future oil, gas contracts
Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its…
Contractors blame Petroleum Ministry for fuel shortages, project delays
Business
March 28, 2013
Contractors blame Petroleum Ministry for fuel shortages, project delays
The Contractors Union has demanded the Petroleum Ministry allocate a share of diesel to contractors to ensure that they are…
As diesel shortages continue, impact becomes broader
Business
March 24, 2013
As diesel shortages continue, impact becomes broader
Diesel shortages have become an unfortunate staple of Egypt’s many economic malaises, and as the country’s foreign reserves continue decreasing,…
Govt attempts to settle dispute between energy ministries
Egypt
March 17, 2013
Govt attempts to settle dispute between energy ministries
The petroleum minister met with the electricity minister Sunday to discuss alternatives for operating power plants with the available fuel.…
Diesel supplies raised to face crisis, says supply ministry spokesperson
Business
March 11, 2013
Diesel supplies raised to face crisis, says supply ministry spokesperson
The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Egypt’s fuel shortages demonstrate perfect storm of economic pressures
Business
March 4, 2013
Egypt’s fuel shortages demonstrate perfect storm of economic pressures
Long lines at gas stations and electricity blackouts have become a part of everyday life for most Egyptians in the…