petroleum

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted…

Petroleum Minister Tareq al-Molla signed a new agreement for excavating petroleum and natural gas in the Gulf of Suez with…

Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile…

With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when…

A crisis in the oil-rich Middle East has historically meant an increase in oil prices; however this now seems a thing…

Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That's a level not seen…

Prime Minister Sherif Ismail announced on Saturday that the government has been tasked with reducing the budget deficit by 1.5…

A drop in oil prices to US$20 per barrel could decrease financial and in-kind aid Egypt receives from Gulf countries,…

Gas stations across Egypt are being overwhelmed by people seeking fuel, while the government continues to insist that supplies are…

Egypt is preparing for the signing of nine petroleum deals which were approved in a recent Cabinet meeting, Petroleum Minister…