oil

Italy’s Eni says looking forward to growing oil and gas exploration, production activities in Egypt

Fri, 16 Apr 2021 - 08:12 GMT

Claudio Descalzi, CEO of the energy company Eni, met on Thursday with President Abdel Fattah El-Sisi.

Mediterranean Gas Forum completes Egypt's plans to become center for oil trading

Thu, 01 Apr 2021 - 03:19 GMT

This comes Molla’s meeting with Minister of Foreign and European Affairs of Croatia, Jordan Gerlich Radman, in the presence of Ambassador Tomislav Bochnyak, Ambassador of the Republic of Croatia in Cairo.

Oil prices fall 2% after delinquent ship "Ever Given" partially floated

Mon, 29 Mar 2021 - 10:08 GMT

Brent crude prices decreased by $ 1.4, equivalent to 2.1%, to reach $ 63.2 per barrel. US crude fell by about $ 1.5, or 2.4%, to hit $ 59.5 a barrel.

80 contracts worth $225M inked by Petroleum Marine Services Co. in 2020

Mon, 08 Mar 2021 - 03:31 GMT

Petroleum Minister Tarek El Molla lauded distinguished performance of the company and its pioneering role in maritime petroleum activities.

Egypt condemns Houthi’s continued terrorist crimes against Saudi Arabia

Mon, 08 Mar 2021 - 01:50 GMT

The Houthi militias targeted Saudi oil export terminal at Ras Tanura using a drone and attempted to target Aramco residential compound in Dhahran.

Sisi approves 3 decrees to search for gas, crude oil

Tue, 02 Mar 2021 - 01:18 GMT

These laws were published in the Egyptian Gazette in its issue on March 2.

Joint Egyptian-Jordanian higher committee to convene in March for cooperation in gas, oil, electricity

Fri, 19 Feb 2021 - 01:20 GMT

In April 2019, Egypt and Jordan have signed a memorandum of understanding (MoU), per which Jordan will resume purchasing and selling natural gas between the two countries after a long halt.

Egyptian PM discusses developmental ties with Iraqi minister

Tue, 09 Feb 2021 - 10:09 GMT

Prime Minister Mostafa Madbouli received Monday Iraqi Minister of Foreign Affairs Fouad Hussein affirming that he himself follows up on the execution of joint cooperation projects.

Oil minister: Use of cutting-edge technology to locate oil in western desert

Thu, 04 Feb 2021 - 03:56 GMT

He pointed out to cooperation with Italy's Eni company to graduate specialists in the fields of safety and allow them to get masters and PhD degrees in the field of safety.

Glimpse into dynamics of post-pandemic oil industry

Thu, 21 Jan 2021 - 04:46 GMT

The sector has begun recovery paving the way for figuring out demand levels, and hence, estimating supply and investments in the sector.

Egypt’s Sovereign Fund to partner with Senegalese counterpart

Mon, 11 Jan 2021 - 09:02 GMT

The Senegalese ambassador highlighted that several opportunities for joint investments are available in Senegal, especially after the oil discoveries that have been made in recent years.

Petroleum prices likely to be maintained in first quarter of 2021

Sun, 03 Jan 2021 - 11:17 GMT

The Automatic Pricing Committee for Petroleum Products will announce new prices for gasoline and diesel this week, sources at the Petroleum Ministry told Youm7 Saturday.

Eni announces new oil discovery in Egypt's Western Desert

Wed, 23 Dec 2020 - 02:55 GMT

The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production.

Conflict among militias based in Western Libya persists

Sun, 20 Dec 2020 - 11:51 GMT

The conflict results in the sabotage of infrastructure and utilities.

Egypt, Iraq agree on ‘oil-for-development’ agreement

Fri, 11 Dec 2020 - 03:06 GMT

The two countries are also aiming to increase the volume of intra-trade and remove any obstacles in the flow of export goods between the two countries.

Egypt completes 37 petroleum projects worth LE431B over 2 years

Thu, 10 Dec 2020 - 02:22 GMT

Egypt has executed a total of 37 development projects in the petroleum and mineral resources sector, worth total investments of LE431.3 billion, in the last two fiscal years.

Conflict over Libyan oil imports intensifies between Central Bank, President of Oil Corporation

Wed, 02 Dec 2020 - 10:57 GMT

Mustafa Sanallah, criticized the bank’s actions in his statements, describing them as a lack of transparency.

Egypt signs 86 agreements with int'l oil companies in 6 years with investment of $15B

Wed, 11 Nov 2020 - 10:38 GMT

Molla added Wednesday that 14 new agreements were signed in several concession areas throughout Egypt during the period from March to October 2020.

Libyan government source: We are ready to provide Egypt's oil needs

Wed, 21 Oct 2020 - 09:54 GMT

This comes after the recent crisis caused by Saudi Aramco that sent its oil pledges to the Egyptian Ministry of Petroleum for the month of October.

Egypt exports to Jordan 3.64B cubic meters of gas in 2019 through Arab Gas Pipeline

Tue, 20 Oct 2020 - 01:13 GMT

The quantity was exported by Edco Liquefaction Factory.

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