petroleum

Apache 2014 4Q production down from 2013, company says
Business

Apache 2014 4Q production down from 2013, company says

The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in…
Negotiations start over importing petroleum from Kuwait, Saudi Arabia
Business

Negotiations start over importing petroleum from Kuwait, Saudi Arabia

Egypt has started negotiations with Saudi Arabia and Kuwait over a supply of petroleum products requested to cover the country's…
Industry federation rejects private sector assistance in butane crisis
Business

Industry federation rejects private sector assistance in butane crisis

A petroleum expert has rejected the suggestion to entrust the private sector to the storage of butane gas for emergencies…
Investment minister blames economy decline on energy
Business

Investment minister blames economy decline on energy

A flawed system of the generation and distribution of energy was the basic reason behind the deterioration in Egyptian economy…
Former Minister: Foreign oil firms slashed budget over crude price drop
Business

Former Minister: Foreign oil firms slashed budget over crude price drop

Foreign oil companies have slashed their budgets for 2015 by 30 percent, driven by declining world petroleum rates, former 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…
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