oil

Days-old fuel shortages persist against govt assurances
Egypt

Days-old fuel shortages persist against govt assurances

Gas stations across Egypt are being overwhelmed by people seeking fuel, while the government continues to insist that supplies are…
Expectations of Saudi oil shake-up stir uncertainty
Egypt

Expectations of Saudi oil shake-up stir uncertainty

A shake-up of Saudi Arabia's oil leadership by King Salman has introduced a new element of unpredictability to its energy…
Researcher warns of harmful Egyptian fast food
Egypt

Researcher warns of harmful Egyptian fast food

"The poor's food is in danger" is no longer a metaphorical phrase describing Egypt. The Agricultural Research Center has confirmed that…
Egypt awards five oil and gas concessions worth $100 mn
Business

Egypt awards five oil and gas concessions worth $100 mn

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100…
Egypt to repay part of its debt to foreign oil companies by end of 2015
Economy

Egypt to repay part of its debt to foreign oil companies by end of 2015

The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the…
EGPC: Cooperation with Iran up to ‘sovereign authorities’
Business

EGPC: Cooperation with Iran up to ‘sovereign authorities’

Egypt’s petroleum corporation has said that any future cooperation with Iran- after a nuclear deal with major world powers will…
MIDEAST STOCKS: Oil plunge may depress Gulf; Emaar Misr key for Egypt
Business

MIDEAST STOCKS: Oil plunge may depress Gulf; Emaar Misr key for Egypt

Another plunge in oil prices overnight may depress Gulf stock markets on Tuesday, while trading in property firm Emaar Misr…
Oil bounces off three-week lows as Greek debt default looms
Business

Oil bounces off three-week lows as Greek debt default looms

Oil prices bounced from three-week lows in choppy trade on Tuesday as investors awaited a Greek debt default, shying away…
Iranian official: US oil delegation to visit Iran this week
Middle East

Iranian official: US oil delegation to visit Iran this week

A US delegation will visit Iran to review energy investment opportunities while Tehran negotiates a final deal with world powers…
EMC signs maintenance contract with Iraq’s Zubair oil field
Business

EMC signs maintenance contract with Iraq’s Zubair oil field

A senior official in the Ministry of Petroleum said on Sunday, that the Egyptian Maintenance Company (EMC) has obtained a…
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