petroleum

Saudi Arabia says aid to Egypt unaffected by oil price decline
Business

Saudi Arabia says aid to Egypt unaffected by oil price decline

A recent sharp decline in international petroleum prices will not affect Saudi financial support to Egypt, senior Saudi cabinet official…
Govt finishes subsidy lifting scheme pending approval by next parliament
Business

Govt finishes subsidy lifting scheme pending approval by next parliament

The government has concluded a scheme to lift energy subsidies, according to a senior official, but added that it will…
Petroleum Ministry announces new projects for US$10.9 bn
Business

Petroleum Ministry announces new projects for US$10.9 bn

Minister of Petroleum and Mineral Resources Sherif Ismail said the ministry is adopting a new strategy that aims to tackle…
Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013
Business

Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013

Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013…
Eni awarded 3 new exploration licenses in Egypt
Business

Eni awarded 3 new exploration licenses in Egypt

Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows…
Egypt’s revenues from foreign partner’s oil companies $1 billion monthly
Business

Egypt’s revenues from foreign partner’s oil companies $1 billion monthly

Egypt's state-run Egyptian General Petroleum Corporation (EGPC) announced that Egypt received a share of the foreign partner’s oil and gas…
Egypt sets conditions for gas imports from Israel
Business

Egypt sets conditions for gas imports from Israel

Egypt has said it conditionally agrees to import natural gas from Israel as the country is struggling with an energy…
UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013
Business

UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013

According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE,…
Libya port rebels say started exporting oil
World

Libya port rebels say started exporting oil

 Armed protesters controlling ports in eastern Libya said on Saturday they had started exporting oil, bypassing the Tripoli government in…
IRNA: Iran to get second tranche of payment under nuclear deal
World

IRNA: Iran to get second tranche of payment under nuclear deal

Iran will soon receive a second installment of previously frozen assets which are being returned to it under an interim…
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