oil

Egypt signs 99 oil agreements with $17B investments in 7 years

Tue, 19 Oct 2021 - 12:36 GMT

Molla added during the Egyptian Petroleum Association seminar that 384 wells were drilled, and more than 85 percent of the foreign partners' accrued dues from 2011 to June 2013 were paid.

Egypt mulls canceling circulation of Octane 80 gasoline

Sun, 17 Oct 2021 - 02:36 GMT

Mulla noted in a panel discussion held by the Egyptian Petroleum Association that Octane 80 is no longer considered a good-quality fuel.

Egypt keen on coordinating efforts to secure navigation in Bab al-Mandab strait: Premier to Yemeni counterpart

Sun, 10 Oct 2021 - 10:23 GMT

Egypt supports all efforts aimed at reaching a comprehensive political solution to the Yemeni crisis.

Egypt cooperates with Siemens, KAMS to connect oil platforms, wells digitally

Thu, 02 Sep 2021 - 05:42 GMT

It was signed by Mohamed Mohamed Salah El-Din, Vice Chairman and Managing Director of the National Authority for Military Production, Mostafa El Bagoury, CEO of Siemens Egypt, and Wael Omar, Senior Vice President of Digital Industries at Siemens.

Egypt facilitates oil exploration for Apache as it expands investment

Wed, 14 Jul 2021 - 02:42 GMT

Egypt will eliminate any obstacles to the work of U.S. oil company Apache in Egypt as it expands oil exploration in the country, according to a Wednesday statement on the meeting of President Abdel Fattah el-Sisi and Apache’s CEO John Christmann.

Egypt enters Guinness Book of Records with largest oil tank in world

Wed, 07 Jul 2021 - 11:46 GMT

According to Egyptian Petroleum, this is the first and largest method of its kind with regard to the construction of storage warehouses in the world, with a warehouse capacity of 175,000 cubic meters, equivalent to more than one million barrels of crude oil, and a warehouse with a diameter of 115 meters and a weight of more than 3000 tons.

Egypt, Iraq, Jordan summit promises strategic partnership bringing security, prosperity

Sun, 27 Jun 2021 - 04:56 GMT

President Abdel Fattah el-Sisi’s Sunday visit to Iraq, the first Egyptian presidential visit in 30 years, marked the beginning of a major partnership that may change the face of the region in the coming years.

Egypt's strategic reserve of oil sufficient for up to 6 months

Wed, 23 Jun 2021 - 03:05 GMT

The ministry said, in a statement, Tuesday, that in the context of strengthening the country's stock of supply oil, a representative of the General Authority for Supply Commodities has contracted a quantity of 84,000 tons of raw edible oil, including 73.5 thousand tons of imported 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.

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