petroleum
Sumed, NBK sign agreement to boost petroleum products storage
Business
May 20, 2017
Sumed, NBK sign agreement to boost petroleum products storage
Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance part…
Petroleum Minister, EU officials meet to boost cooperation in energy projects
Business
April 12, 2017
Petroleum Minister, EU officials meet to boost cooperation in energy projects
Petroleum Ministry Tareq el-Molla met with Christian Danielsson, Director-General for European Neighbourhood Policy and Enlargement Negotiations, and Ivan Surkos, Head of the European Delegation…
Oil prices edge lower on doubts over production cut deal
Business
October 28, 2016
Oil prices edge lower on doubts over production cut deal
Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about…
VAT will not increase gasoline, diesel prices: GPC
Business
August 31, 2016
VAT will not increase gasoline, diesel prices: GPC
The chief executive of the General Petroleum Corporation, Tareq al-Hadidy, has denied that the looming introduction of a Value-Added Tax…
Egypt signs exploration deals with US and Cyprus firms
Business
July 27, 2016
Egypt signs exploration deals with US and Cyprus firms
Egypt's minister of petroleum and mineral resources has signed two agreements for oil and gas exploration in upper Egypt with…
No balance: oil markets still oversupplied, now growth is stuttering
Business
July 13, 2016
No balance: oil markets still oversupplied, now growth is stuttering
Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over…
Global oil market to reach supply-demand balance by end of 2016: BP
Business
June 16, 2016
Global oil market to reach supply-demand balance by end of 2016: BP
The global oil market will reach the balance of supply and demand by the end of the year, BP head…
Oil falls as investors cash in on month-long gains
Business
May 6, 2016
Oil falls as investors cash in on month-long gains
Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact…
Egypt seeks petrol self-sufficiency by 2020: official
Business
March 3, 2016
Egypt seeks petrol self-sufficiency by 2020: official
Vice-Chief of the Egyptian General Petroleum Corporation for Operations Amr Mostafa has announced a plan that includes several petroleum projects…
Egypt’s Midor signs US$1.2 billion loan agreement
Business
February 23, 2016
Egypt’s Midor signs US$1.2 billion loan agreement
Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for US$1.2 billion,…