Petroleum ministry

Egypt, Cyprus aim for gas import deal in 6 months
Business

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

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

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

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

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

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

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

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

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

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…
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