petroleum
Govt announces first petroleum services company in Sinai
Business
September 22, 2010
Govt announces first petroleum services company in Sinai
Minister of Petroleum Sameh Fahmi has announced the establishment of the first petroleum services company in Sinai. Half of the…
Finance Minister: Govt to raise energy prices over coming 5 years
Business
September 20, 2010
Finance Minister: Govt to raise energy prices over coming 5 years
The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
NDP official: Energy subsidy reductions still subject to debate
Business
August 15, 2010
NDP official: Energy subsidy reductions still subject to debate
The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Ruling party calls for abolishment of petroleum subsidy
Business
August 14, 2010
Ruling party calls for abolishment of petroleum subsidy
The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
Govt signs agreements with oil giant Eni
Business
July 28, 2010
Govt signs agreements with oil giant Eni
Italian oil company Eni recently signed two agreements with the Egyptian General Petroleum Authority and the Egyptian Holding Company for…
NDP official: Subsidy increase imprudent
Business
April 26, 2010
NDP official: Subsidy increase imprudent
A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Gas exporters agree to raise prices
Business
April 20, 2010
Gas exporters agree to raise prices
Participants in the Forum of Gas Exporting Countries meeting in Wahran, Algeria agreed to both raise gas prices and to…
Industry and petroleum ministries squabble over gas shares
Egypt
March 31, 2010
Industry and petroleum ministries squabble over gas shares
The Ministry of Trade and Industry is criticizing the Ministry of Petroleum for using extra gas shares that were appropriated…
OPEC likely to maintain current oil output
Business
March 13, 2010
OPEC likely to maintain current oil output
OPEC is not expected to make any fundamental change in output at its next meeting, Qatar's oil minister was quoted…
Petroleum ministry denies diesel shortage
Egypt
March 9, 2010
Petroleum ministry denies diesel shortage
Sufficient amounts of diesel are available on the local market as planned, said the Ministry of Petroleum, despite recent overcrowding…