oil

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.

Minister displays Egypt's economic performance during COVID-19 crisis in IMF, WBG meetings

Sun, 18 Oct 2020 - 12:59 GMT

In one of the 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Minister of Finance Mohamed Mait displayed figures on the performance of the Egyptian economy during the COVID-19 crisis and plans for the future.

Field producing third of Libya's oil resumes operation

Mon, 12 Oct 2020 - 09:45 GMT

The reserves of Al Sharara are estimated at three billion barrels, according to Sky News Arabia.

Haftar orders resumption of domestic flights for oil companies

Fri, 25 Sep 2020 - 10:52 GMT

Ibrahim al-Faidi said Haftar's decision was meant to transport staffers and users of oil companies.

Egypt becomes active player in oil, NATGAS in region: French Amb.

Thu, 24 Sep 2020 - 02:20 GMT

He stressed that Egypt has great ambitions to become a regional energy hub.

Libyan National Oil Corporation estimates daily production next week at 260K barrels

Tue, 22 Sep 2020 - 11:29 GMT

On September 28, a deal was reached to resume oil production and export.

Resumption of oil production deal between Libyan army, interim government rejected by advisory council chair

Mon, 21 Sep 2020 - 12:45 GMT

The disagreement between Meshry and Maiteeq is not the first within the GNA.

Egypt signs 8 gas exploration contracts worth $934M over 15 months

Sun, 20 Sep 2020 - 07:33 GMT

Sixth others – worth $731 million - are underway.

Egypt, Jordan, Iraq to establish electricity linkage, oil pipeline

Fri, 04 Sep 2020 - 12:15 GMT

The cabinet meeting tackled another number of projects in the fields of basic commodity supply, education, agricultural green houses, and seed productions.

The Way to self-sufficiency, sustainability through bioenergy

Fri, 04 Sep 2020 - 12:35 GMT

In spite of the increasing care given to renewable energy, particularly solar and wind, bioenergy is still overlooked.

Qarun oilfields records highest productivity of 30,000 bpd during 2019/20

Tue, 01 Sep 2020 - 11:41 GMT

Abdel-Gawad attributed the hike in production to the implementation of a work program to improve the productivity and operation of obsolete wells, in addition to the drilling program for new exploration and development wells.

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