oil

Oil minister chairs Egypt's delegation to OIF summit in Tunisia

Sun, 20 Nov 2022 - 01:03 GMT

The summit is attended by more than 33 heads of state and government, as well as 80 representatives of regional and international organizations.

Environment Ministry highlights efforts on cutting greenhouse gas emissions at COP27

Sat, 19 Nov 2022 - 11:34 GMT

The program shed light on the ministry’s efforts to cut harmful greenhouse gas emissions and develop plans on facing the negative impacts of the climate changes.

Egypt, Malta probe cooperation in industry of oil, natural and liquefied gas

Wed, 16 Nov 2022 - 03:29 GMT

The meeting was held on the sidelines of the 2022 UN Climate Change Conference, COP27, currently held in Egypt’s Red Sea resort city of Sharm El-Sheikh.

Value of Egyptian non-oil exports drop by 18.3% on YoY basis

Tue, 23 Aug 2022 - 04:12 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released a statement Tuesday detailing the exports, whose value declined in May 2022.

Egypt aims to turn Hamra Port into global center for oil trading.. Is it gateway to Russian exports?

Thu, 04 Aug 2022 - 05:27 GMT

The new expansions of the port aim to increase the storage capacity by adding four storage tanks with a capacity of 630,000 barrels of crude each, to reach a storage capacity of 5.3 million barrels.

Libya’s NOC to resume oil export on July 20

Tue, 19 Jul 2022 - 01:11 GMT

These arrangements have been made in order to resume production operations, NOC added.

Petroleum ministry announces establishment of new oil area in Tibbin

Sun, 12 Jun 2022 - 03:29 GMT

A statement issued by the ministry said the LE 1.8 billion project, called "Modern Area", would help pump crude oil from Ain Al Sukhna to Tibbin area from which it will be distributed to upper Egyptian governorates.

Egyptian oil companies to carry out new projects in Equatorial Guinea

Wed, 08 Jun 2022 - 03:32 GMT

The meeting tackled procedures for activating the memorandum of understanding (MoU) that was signed with Petrojet to implement new petroleum projects in Equatorial Guinea, foremost of which a project to establish a new refinery.

EU supports Egypt to become major hub of energy in Mediterranean, Middle East

Tue, 17 May 2022 - 02:05 GMT

European Union Ambassador to Cairo Christian Berger said Tuesday that the union supports Egypt to become a major hub of energy in the Middle East, North Africa, and Mediterranean.

US calls for "immediate" end to Libya oil shutdowns

Sat, 30 Apr 2022 - 03:35 GMT

The closure of several sites this month, including oilfields and export terminals, has seen Libya’s output halve to around 600,000 barrels per day, Al Arabiya reported.

Russian gov't obliges oil companies to sell more fuel at exchange auctions

Sat, 23 Apr 2022 - 12:18 GMT

"Oil companies will have to sell more fuel at exchange auctions," the Russian cabinet said in a statement carried by Sputnik News Agency on Saturday.

Eni announces new discoveries in Egypt's Western Desert

Thu, 14 Apr 2022 - 12:16 GMT

These new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures.

1 week after truce declaration: Yemeni president steps down, passes on duties to presidential council

Thu, 07 Apr 2022 - 11:19 GMT

The move follows an agreement among warring parties in Yemen to hold a two-month truce.

Will Libya meet Europe's gas needs instead of Russia?

Wed, 06 Apr 2022 - 02:03 GMT

Libya has the ninth largest known oil reserves in the world and the biggest oil reserves in Africa.

Egyptian president meets with Eni CEO to discuss joint projects

Thu, 31 Mar 2022 - 02:36 GMT

President Abdel Fatah al-Sisi received Thursday an Eni delegation led by CEO Claudio Descalizi in the presence of Minister of Petroleum and Mineral Resources Tarek al-Mulla.

Egypt imports 100M barrels of oil annually: PM

Thu, 24 Mar 2022 - 03:34 GMT

Madbouli added that the cost of a barrel of oil was $60 a few months ago, and it has reached $120 now; due to the Russo-Ukrainian war.

Egypt's demarcation of border with Saudi Arabia attracted 3 companies to explore in Red Sea: Min.

Sun, 20 Mar 2022 - 03:24 GMT

He added that these developments came as a reflection of the success of the first phase of seismic search operations in the Red Sea, which were conducted using two-dimensional search technology over an area of ​​11,000 km.

Cairo, Siemens probe investment opportunities in Egypt's oil, gas industry

Thu, 17 Mar 2022 - 02:55 GMT

During his meeting with CEO of Siemens Middle East Dietmar Siersdorfer, he pointed out to Egypt’s importance as a regional energy hub in the Eastern Mediterranean, underscoring the need to take advantage of its distinguished geographical location, especially during the current energy transition period.

Egyptian billionaire Naguib Sawiris proposes 3 solutions to confront rise in oil, wheat prices

Mon, 07 Mar 2022 - 03:28 GMT

Sawiris said, in a tweet via his twitter account, Monday, that there are measures that must be implemented quickly to confront the rise in oil and wheat prices and its impact on the economy.

Brent crude crosses $100/barrel 6 days after Russia attacked Ukraine

Tue, 01 Mar 2022 - 03:05 GMT

The Russian forces have continued their military operation on Ukrainian land since last Thursday, for the sixth consecutive day.

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