oil
Claudio Descalzi, CEO of the energy company Eni, met on Thursday with President Abdel Fattah El-Sisi.
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.
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.
Petroleum Minister Tarek El Molla lauded distinguished performance of the company and its pioneering role in maritime petroleum activities.
The Houthi militias targeted Saudi oil export terminal at Ras Tanura using a drone and attempted to target Aramco residential compound in Dhahran.
These laws were published in the Egyptian Gazette in its issue on March 2.
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.
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.
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.
The sector has begun recovery paving the way for figuring out demand levels, and hence, estimating supply and investments in the sector.
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.
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.
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.
The conflict results in the sabotage of infrastructure and utilities.
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 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.
Mustafa Sanallah, criticized the bank’s actions in his statements, describing them as a lack of transparency.
Molla added Wednesday that 14 new agreements were signed in several concession areas throughout Egypt during the period from March to October 2020.
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.
The quantity was exported by Edco Liquefaction Factory.
