Petroleum Products

Chevron to expands natural gas extraction in Egypt's Mediterranean Sea by $60M

Thu, 14 Mar 2024 - 01:51 GMT

Production from the Nargis1 field is set to commence in the first half of 2025, with an initial phase expected to yield 600 million cubic feet.

SDX Energy sells off Egyptian assets, aims expand operations in Morocco

Tue, 05 Sep 2023 - 01:04 GMT

The company expects to close the transaction by the end of 2023.

Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

Mon, 03 Jul 2023 - 03:34 GMT

In an official statement, the ministry highlighted the implementation of projects in Alexandria, Assiut, and Suez, with an estimated investment of $7.50 billion

Petroleum minister chairs high committee for monitoring petroleum product trading, distribution

Sun, 25 Jun 2023 - 12:31 GMT

The PetrolMin also underlined the committee's purpose of closely monitoring the flow of petroleum products distribution and trade

Egyptian oil and gas exports drop 28.1% in first two months of 2023: CAPMAS

Sun, 07 May 2023 - 05:12 GMT

The value of natural and liquefied gas exports declined by 12.2 percent to $1.33 billion during the same period in 2023, compared to $1.52 billion in January and February 2022

Egypt's trade balance deficit falls by 28.7% in July yr-on-yr with export increase of 2.2%, import decrease of 14.8%

Tue, 11 Oct 2022 - 05:12 GMT

Egypt’s trade balance deficit fell by 28.7 percent in July year-on-year, recording $2.7 billion compared to $3.8 billion in the same month of 2021, according to an official Tuesday report.

PM: Egypt has adequate stock of petroleum products

Mon, 28 Mar 2022 - 06:15 GMT

Madbouli made the remarks during a meeting with Minister of Petroleum and Mineral Resources Tarek el Molla to follow up the latest global market developments and price fluctuations on the back of the Russian-Ukrainian crisis.

Egyptian exports of petroleum products rose by more than $1 bn in one month

Mon, 14 Jun 2021 - 02:21 GMT

Government data showed that Egyptian exports of petroleum products rose to more than half a billion dollars in just one month.

Petroleum min.: Integrated strategy adopted to enhance handling, storage of petroleum products

Tue, 01 Jun 2021 - 01:12 GMT

Molla was speaking on Tuesday during his inspection tour at a number of new petroleum projects in Ain Al Sokhna.

Infograph: Egypt heading to achieve self-sufficiency in petroleum products in 2023

Sun, 14 Mar 2021 - 02:33 GMT

The center stated that the report contained the most important indicators that confirm Egypt's trend towards achieving self-sufficiency in petroleum products.

PM made certain strategic stocks of petroleum products 'sufficient'

Wed, 19 Aug 2020 - 08:03 GMT

This came at a meeting with Petroleum and Mineral Resources Minister Tarek el Molla to follow up a number of files and make sure that the strategic stocks of petroleum products are within safe levels.

Egypt’s Petroleum subsidy bill to hit LE 30B in 2019/20

Wed, 15 Jan 2020 - 01:29 GMT

In 2019/2020 budget, the estimations of petroleum subsidies were around LE 52.9 billion, compared to LE 89 billion in the prior year.

Cutting subsidies: Putting money where it belongs

Sat, 16 Jun 2018 - 12:27 GMT

Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.

Industrial production ups 11.7% in Q1 2017

Mon, 04 Dec 2017 - 11:48 GMT

Industrial production in the quarter, excluding crude and refined petroleum, recorded LE 127.7 billion.

Alexandria Petroleum’s output marked LE 34B last fiscal year

Tue, 12 Sep 2017 - 10:13 GMT

The company refined 4.5 million tons of high-quality petroleum products to meet domestic needs.

8.7M tons of petroleum products crossed Suez Canal in July

Mon, 04 Sep 2017 - 11:41 GMT

The petroleum products included crude oil, gasoline, diesel, fuel oil and petroleum gases.

Crude oil exports drop to $203M in April: CAPMAS

Thu, 20 Jul 2017 - 06:00 GMT

Egypt’s exports of crude oil and petroleum products declined month-on-month to $ 203 million in April after registering $ 226 million.

Industrials production value up 11.3% yoy in Q3: CAPMAS

Tue, 06 Jun 2017 - 12:56 GMT

The industrial sector’s production value rose 11.3 percent in the third quarter of 2017, up from LE 84.8 billion ($4.6 billion) in Q3 2015.